9.5% Cap Rate good for SE Michigan?

[David McCracken]

Hi BP, I just purchased my first rental property in SE Michigan and will have tenants signing leases today. I was curious what kind of cap rates others were getting in my area. The property I'm renting out is a duplex in a nice area, with middle-class tenants. I imagine there will be those who rent in lower income areas, and are able to achieve better cap rates. Does anyone have a minimum cap rate they need to see before purchasing a property?