Who has the best deal of a 2 bed unit?

[Paul Camuto]

I am interested to see across the country who has the best deal for a 2 bed unit. I am talking about the purchase price and cap rate. The unit has to be updated and in a good area. I am not interested in cash flow in run down areas. The unit can be part of a multi, condo, single family. Looking for the lowest price with the highest cap rate for a unit in a top area that is modern. I have a 135K purchase price for Mt Laurel NJ which I can rent at 1400 for around a 7/8 cap rate.

[Immanuel Sibero]

@Paul Camuto

I'll take a stab. There has been no replies maybe because cap rates are irrelevant in residential properties. There is no correlation between cap rates and price in residential properties.

Cheers... Immanuel