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Updated almost 9 years ago, 03/05/2016
My target ROI numbers - realistic?
My goal is to invest the least possible to get the greatest annual ROI.
The formula looks something like =(NOI + Debt Paydown ) / (Down payment + closing costs)
Hassle factor | Target ROI+ROE | Description |
XS | 25% | Desirable neighborhood, no fixing required |
S | 30% | Good neighborhood, minor touching up |
M | 50% | Average neighborhood, some repair required |
L | 80% | Poor neighborhood, bad tenants, structural dmg |
I'm curious if others have similar breakdowns, and if my targets are in line with yours.
*edit* looking to invest in Albany, NY multi-family properties