Newsflash: How do investment properties actually make money in a high-priced market?

I’m not interested in any investment properties and I’m kind of a noob at real estate in general, but I’ve noticed that a lot of properties in Queens, NY are selling for crazy amounts of money and I’m wondering how they’re actually good investments that show a good ROI.Example:2 family house: $1.8mRent for each unit $2500/month x2 = $5000/monthMortage/taxes for 1.8m house with $907k down payment = $6346Sounds like it’s costing more money than it’s making, and that’s not even considering upkeep costs.What am I missing here?



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