Duplex Cap Rates - West Allis, Greenfield, Milwaukee

[David Benson]

Hello All, 

I'm in the process of looking for my first duplex in the West Allis / Greenfield area of Wisconsin. I've been analyizing several properties, but where I could use some help is determining what is a good cap rate for this area? 

FYI, this will be a house hack, and below is an example of what I have been assuming for expenses, etc. when calculating the Cap Rate. I have broken it into 3 different situations: 

1. 1 Unit Rented (House Hack) - Managing the unit, doing yard work, etc.

2. 2 Units Rented - Managing the Unit, not doing yard work, etc. 

3. 2 Units Rented - Not Managing the Unit, not doing yard work, etc. 

Any comments would be greatly appreciated!