Updated about 3 years ago on . Most recent reply
COC in king county WA
I'm confused about the numbers. Specifically, what a reasonable COC ROI for a first-time buyer? I'm not handy and cannot take on a massive rehab. It seems like if I buy at the retail price my COC return will be negative. Looking to get a better understanding. I watched this video from BP and IDK how I would secure 12% COC return in this market. I live in King county looking to buy in South King CO, Pierce or up north.
Thanks!
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@Bisrat Arega CoC is heavily influenced by the down payment percentage - 10-15% CoC is usually achievable around here by house hacking (owner occupying) a property and using a 3.5% or 5% down payment, or using a 10% down "second home" or "vacation home" loan to secure a Airbnb / Short Term Rental.
With 20% - 25% down 12% CoC is not usually achievable for an "on market" rental property deal around King County.
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