What is a realistic cash-on-cash return to shoot for?
Hey everyone!
I am in the process of writing my business plan and am to the point where I want to define my CoC return that I will aim for. My main goal is to build wealth and I am not all too concerned with immediate cash flow as I will continue to work (at least initially). However, my short term goal is to purchase 3 properties in the next 3 years, and this will obviously happen quicker the higher returns that the properties provide.
My initial thought was to shoot for 12% and not even look at anything that projects a return below 10%. I live in the Milwaukee area and will be focusing on finding duplexes in this area. Is this a realistic goal?
Thanks for all your input!