is irr of 5.90% good for property?

[Ivy Markov]

i am calculating irr for 10 year period and after tax is 5.90% nd cap rate is 3.62% would you consider this too low? 

[Nick Peters]

If you calculated your IRR the right way, then no, a 5% IRR when investing in real estate is not a good deal. At a minimum, you should look for 10% (and really nothing below). 10% is even pretty low when you consider all the work that you have to put into such an investment.