One percent rule, CAP Rate, and COC return.
Good Morning All,
I just moved back to Cache Valley recently and I'm trying to determine what a good deal looks like to me. I'm new to investing. I own a home in Kentucky that's rented and a home in Cache Valley that I live in. I have some savings and I'm going to get a HELOC on my house in Kentucky to raise a down payment for a MFR in Cache Valley.
My question is for those that buy MFRs in Utah, how often do you find property that fits the one percent rule and do you follow it? What CAP Rate, COC Return and ROI would you consider worth it to purchase?
Any advice would be much appreciated.