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Typical Cash-on-Cash returns in Phoenix metro?
I'm likely going to start BRRRR investing next year and since the first 'R' is 'Rehab' and I plan on doing as much of it myself, that does dictate that the properties are also local.
What I'm trying to figure out at this stage is what kind of Cash-on-Cash rate of return can I reasonably expect, if investing in the Phoenix metro area? The quoted figures I've found elsewhere, referring to more geographically divergent locations, vary so incredibly wildly (3% to 30%!?) that they aren't very useful.
So what I'm hoping to get is some actual real numbers from people who have invested directly in the Phoenix area. When you run the real numbers at the end of the year, what are you seeing?
And literally any amount of additional detail (actual initial cash, amount financed, location of property, amount required for rehab, etc etc etc) will also be appreciated.