Is CAP rate, CoC really that important for a new buy, hold/ren

[Account Closed]

I am trying to make sure I don't pass on a deal because of it not meeting certain metrics.

Is cash on cash return and CAP rate really important for someone who plans to buy/hold/rent (long term) plain jane, blue color, type properties (SFR/small multifamily) in order to replace w2 job income? It seems to me that cashflow is the most important metric in this case.

I have searched the forum and while there are posts about this, none really fit my question. 

[Mike Dymski]

Profit in real estate comes from cash flow, appreciation, and principal reduction....use IRR to calculate profit. If you want to replace your W-2, you may want to also consider adding value so you can recycle the same cash on multiple properties and it will accelerate your pace. Good luck.