Found this 4 bed / 2 bath half duplex in Lethbridge for $325k.
Ran the numbers and it looks like:
• $439/month cash flow
• 7.2% cap rate
• DSCR 1.21
What's typically the minimum amount you want a rental property to cash flow monthly?
Anyone else looking for a better way to track and manage your rentals? I got sick of using spreadsheets and searching for move-in/move-out inspection forms so I decided to build a website that has everything I need and hopefully it helps a few others too.
Some of the features:
- sends automatic rent reminders
- tracks payments
- lets you build custom inspections signable on the app
- Tenant portal where documents and inspections can be shared and maintenance requests submitted.
It’s built specifically for small Canadian landlords (not big property managers)
I’m looking for a few landlords to try it and give feedback