What is your target cash on cash and ROI in Central California, trying to evaluate a deal

[Account Closed]

Hey everyone, we are looking at purchasing a property here in Bakersfield and I wanted to pole our fellow BP members here to see what percentage of cash-on-cash return you're accepting. The potential deal I'm looking at has a COC of 10% assuming I use a private lender I'm in contact with. The price is $222,500, $2,060 in gross rents with long term tenants. 3 houses on 1 lot. I budget conservatively, so I'm estimating roughly $350 in ROI after expenses and savings for future cap-ex. These numbers may be better if I can get the price down and/or negotiate seller financing with a lower percent down. My current assumption is 20% down.

Thoughts on cash-on-cash target percentages, and also thoughts on this deal?