Cap Rates

[Lari A.]

Hello BP Community!

I'm a new Wholesaler (no deals yet) who is trying to find out what Cap Rates would be appealing to investors in Tampa, broken down by neighborhoods.  Can someone help me out with this?  I've searched, but can't seem to find this info.

Many thanks!

[Christopher Brainard]

@Lari A.

You haven't found any information because Cap Rates aren't generally used when looking at residential properties. The cap rate doesn't take into consideration the repairs that need to be completed on the property or the area the home is in. Usually, an investor is more interested in the comparable properties, the condition of the house, and the projected Return on Investment (RIO) the property has to offer. 

-Christopher