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Updated 8 months ago on . Most recent reply

Marcos De la Cruz's profile image
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Marcos De la Cruz
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Marcos De la Cruz
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Marcos De la Cruz
  • Investor
  • Huntington Beach, CA
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Multi-Family and Apartment Investing

What cap rate, etc should I aim for?

Marcos De la Cruz
  • Investor
  • Huntington Beach, CA
Posted

Hello, I'm considering buying a duplex in Ft Wayne. 

I'm wondering what cap rate, COC return, IRR, etc I should try to get.

Thanks.

Fort Wayne, Indiana
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Greg Scott
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  • from SE Michigan
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Greg Scott
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Greg Scott
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

Cap Rate is a term only relevant to commercial properties.  You can ignore it on a duplex.  It is meaningless. 

IRR is a term used by people selling an investment to others. You can try to calculate that, but it isn't important unless your guesses are correct.

That leaves you with CoC. Figure out what is a meaningful return to you.

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