Analazying Rental Property: 8% Cash on Cash ROI Good???

[Roger Covin]

Hi BP,

I'm purchasing a vacant lot for $10k in the 78207 zip (West Side, Prospect Hill). A new build will cost me $60k but I'm budgeting for $75k. I can receive $1,000 a month in rent for a 3/2. When I run all of my expenses and income, I come to about 8% cash on cash roi. Is this a decent return for San Antonio?

Thanks for any help!