Quote:
Originally posted by motion
SFR 3/2 2000 sq ft
Purchase price: $156,000
20% down
Loan: 6.875% for 30 years
Payment with prop taxes: $945
Rent: $1,100
Ya just have to find them 
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cap rate is 6.4, and you're cash flow negative, at best, but then again, if you can repeat Phoenix, you are gonna do fine.
HardDrive, I am selling some properties due to nice appreciation. I have no idea what to do with the proceeds. The bulk of funds will go into an Emigrant Direct savings account at 4%. There just isn't anything that gives a healthy risk vs reward ratio. The bull stock market is over 3 years old and looking peaky, RE market is definitely inflated, and the commodity market is covered with speculators.
My advice: Learn your market. Sit on your money until you know the time is right.
I know there are folks that think I'm crazy for sitting on cash, but I'm walking the talk. I know I will either lose out on some future gains, or prevent significant loss.
Brother, thanks for the clarification. You were absolutely right. I didn't notice it was a duplex. Your $833 number sounded too familiar.