Cash flow is the return most investors watch first.
Why?
Because it’s the one you feel in your bank account. Every month.
It’s the buffer.
The income.
The margin that makes everything a little easier.
Unleveraged, it usually sits in the 4% to 6% per year range—based on cap rate.
Not sky-high. But dependable. Predictable. Grounded in real rents, real expenses, …
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