In general, for rental property, you need follow 1% rule: monthly rent should be about 1% of your purchase price (with rehab). That will give you good cash flow. tax/insurance/repair/vacancy should be less than 40% of rent income.
In general, for rental property, you need follow 1% rule: monthly rent should be about 1% of your purchase price (with rehab). That will give you good cash flow. tax/insurance/repair/vacancy should be less than 40% of rent income.