Good CoC and cash flow for SLC

[Tyler Vargha]

Hi, 

I have been doing house hacking and being a landlord for the last 5 years and am trying to set myself up for my second property right now. The plan is to house hack it as well, buy a third property just for myself, and then use the first and second properties cash flow to fund a down payment for the fourth property etc. My question though is what is considered good CoC and cash flow for Salt Lake County? I'm mostly talking about the east side or better neighborhoods. My current property has a 9% CoC and a $1,000 Cash flow (SFH with mother in law). What percentages seem like a good deal for you in the Utah area? Other info on current property: 3.25% interest rate, 3,400 SQ ft, purchased last year in April.