NY Metro Market Potential

[Steven Yang]

Hi Everyone, 

I recently landed a deal at Piscataway NJ - not a great deal, but it gave stable return being that it is walking distance from Rutgers. 

I am now on the look out for another deal, and hopefully to score one before the summer. . I would say my cap is at $500k with 20% down.However, I found most deals are too pricy and do not give a decent return.

Is that the situation with most NY metro area? should I start looking out of state? 

Any recommendation on area to research would be much appreciated.