What kind of CAP Rates do you look for?

[Cody Jensen]

Hey guys,

I've been doing the numbers for a few properties, and I'm wondering what type of CAP rates you usually tend to want with a decently maintained clean house with hardly any issues.

Some of the homes that I've recently looked at have decent CAP rates but the amount of work that needs to be put into them makes them undesirable (Water damage, caving in floors, Leaks and Roofs going bad).

What is a CAP rate you usually end up getting with your properties and or look for in any properties?

Thank you