Multifamily investor · since 2023

Hi, I'm Dylan.

I've been investing in real estate since 2023, so I know firsthand what it takes to make a deal cash flow in today's market, not at a 2021-era 3–4% interest rate. I never had the chance to invest in a "free money" rate environment.

I buy and hold multifamily real estate, with a slow and steady approach to growing my portfolio and a heavy emphasis on cash flow. Over the past few years I've been blessed to land a few solid deals, and together they now generate roughly $74k a year in net cash flow.

Portrait of Dylan Pettijohn
Net cash flow / year
$74,183
Net cash flow / month
$6,182
Units · 3 properties
17
Avg. interest rate
6.904%

The properties

Three buildings, seventeen doors, all bought at today's rates.

  • P&I
  • Taxes & ins.
  • Expenses
  • Maintenance
  • Net cash flow
Two-story brick and green-sided triplex with three front entriesAcquired 2023

Main St

3 units

Monthly rent
$3,540
Monthly net
$1,170

Keeps 33¢ of every rent dollar

Brick apartment building with balconies and a front parking lotAcquired 2024

North St

12 units

Monthly rent
$12,185
Monthly net
$3,907

Keeps 32¢ of every rent dollar

Blue-gray side-by-side duplex with two front doorsAcquired 2026

5th St

2 units

Monthly rent
$2,700
Monthly net
$1,105

Keeps 41¢ of every rent dollar

The full ledger

P&I is mortgage principal & interest. Expenses and Maintenance are the monthly operating and capital-reserve budgets for each property.

Monthly cash flow by property
PropertyUnitsRentsP&ITaxes & ins.ExpensesMaintenanceNet
Main StAcquired 20233$3,540.00−$1,380.80−$439.38−$200.00−$350.00$1,169.82
North StAcquired 202412$12,185.00−$3,821.88−$1,501.57−$1,370.42−$1,584.05$3,907.08
5th StAcquired 20262$2,700.00−$855.00−$400.00−$100.00−$240.00$1,105.00
Monthly total17$18,425.00−$6,057.68−$2,340.95−$1,670.42−$2,174.05$6,181.90
Annual total17$221,100.00−$72,692.16−$28,091.40−$20,045.04−$26,088.60$74,182.80

Run these numbers on your own deal.

The same math behind every property above, in a free calculator.

Open the cash flow calculator