Core 4 in Endicott, Binghamton and Johnson City

[Joseph Pichardo]

Good day all. My partner and I came across a possible Multi Fam in Endicott, NY. After factoring the deal with owner financing, we estimated a 22.3% cash on cash ROI. That's factoring 23% for vacancy rate.

My question to those familiar with that area, how rough is the rental market. Is 23% really the vacancy rate?

Lastly, if I decide to to go through with this I would need an Agent for tenants and deal finding, A GC, a PM and a Lender willing to refinance an LLC after a or so.

Thanks in advance I really appreciate any perspective.