New York Investing Numbers

[Nicholas Mann]

Hello everyone,

I am currently analyzing potential rental properties in the NY tri state area, mainly consisting of Westchester, NY suburbs.

I have analyzed multiple deals on the MLS for basic 2 family homes and only seem to find about $200-$300 a month in cash flow if any, and about 2-3% Cash on cash ROI.

I understand this market is expensive but I see plenty of MF homes being sold, so I’m wondering what numbers are people looking for in this area?

Thanks