Feedback on this yearly return

[Ed B.]

I just made an offer on a SFH in which I was overbid by another buyer. If I had bought it here are the numbers I would have had in it:

$92,000 down payment
$40,000 to add two bedrooms and two bathrooms
$132,000 total invested

Cash on cash return about 11%

Property is in good neighborhood, would be easy to rent and attract quality tenants, and held at least 20 years. Good potential for appreciation

Just curious how that rate of return compares to what others are getting.