I'm a new landlord and wanted to see what you guys think of this cash flow. Is it good/ok/bad?
Property 1 (3 bed townhouse condo)
Purchase price: $300K
Down payment: 20%
Total monthly expense: $1500
Cash flow: $200
Property 2 (3 bed townhouse condo)
Purchase price: $360K
Down payment: 10%
Total monthly expense: $1900
Cash flow: $100
So I cash flow $300 from both properties.