ROI what is a decent # to shoot for?

[Lori Sampson]

Hi all, we are just starting out and we found a property we are interested in we are paying cash now but may take a mtge out on it after closing. I ran the #s on the calculator but what we are wondering is what is the # for ROI that is considered for us to be sure we are getting a good deal and make the move on it? The calculator came back with 8.63% for this property, is that good?

Thanks,

Lori & Sal