What Cash on Cash ROI are you seeking with rentals?
3 Replies
Lloyd Silver
Investor from San Francisco Bay Area
posted 11 months ago
As the title asks, what kind of cash on cash return are you looking for in the Fort Myers / Cape Coral areas these days? For SFRs and Duplexes?
Matt Leber
Rental Property Investor from Orlando, FL
replied 11 months ago
@Lloyd Silver I’m looking for 10%+ in Central Florida (Orange County & Brevard County) and Jacksonville. I’m factoring in down payment + closing costs + rehab costs versus 12 months of cash flow with capex/repairs/vacancy set aside.
Lloyd Silver
Investor from San Francisco Bay Area
replied 11 months ago
10% has been my number as well although not sure if that's high enough in this environment. On the other hand, almost every offer price I see brings a cash on cash return in the 6 to 8 percent range.
Adrian Smude
Rental Property Investor from Plant City, FL
replied 11 months ago
20%+ but we typically buy 30%+
mobile homes with the land. Between Brandon, Zephyrhills, Auburndale, and Lithia, FL. Basically 30 min from Plant City.