Couldn't find property with CC ROI over 1%

[Samuel Hailai]

Hi all, I am new to rental business, have been listening BiggerPockets podcasts and read "Rental Property Investing" book, I am trying to start rental business, and I am looking property in multiple cities so far I tried on DC area, Dallas TX and Charlotte NC , I couldn't find property greater than 1% CC ROI, but they say it should be > 10%. I wonder where do they find property that give you >10%, from what I see mortgage payment is almost same us the rental price in most of areas if not less. I used bigger-pockets Rental Property Calculator to calculate the values, am I missing something.

[Alex Fox]

If you're correctly analyzing deals and not finding anything with COC of 10%+, you need to switch markets.

An example of a market with MLS deals that cash flow would be Binghamton NY. You will typically find that these cashflow markets will not offer appreciation and may have a poor quality tenant pool, so I'm not suggesting you invest there. But start analyzing some properties in Binghamton, if you're still not seeing 10%+ CoC return, there's something wrong with your process of analysis.