CoCROI and IRR Goals

[Shane Malloy]

I am a new real estate investor and really appreciate all the information that is shared on the BP forum.  I live in Castle Rock, CO so right between Denver and Colorado Springs markets. 

As I am putting together my business plan, I am struggling with what my goals for CoCROI and IRR should realistically be. Would love to get some guidance from others that may be in this market.

Here is a draft of what I have:

To have five single family or three multifamily home with 5% in cash on cash ROI, an overall IRR of 10%, and over $1.3M in property value in the greater Denver area and Colorado Springs market by 2023.