Would You Buy A MultiFamily In Area With No Appreciation Possibility But Good ROI????

[Won Lee]

Where I live, the market feels bit toppy and things very spendy. Cant find any multi properties that will yield 10% ROI.

Would you guys/gals buy in an area "less hot" if you can buy for 60.00 a SF but there is a very low chance for appreciation. This is in modest size city in Washington with a population of 200K and maybe 500K if you include suburbs. I use to live there 15 years ago but the prices are very similar to when I was there, so I doubt there will be much appreciation here. Don't think I could raise rents significantly either. But I can generate 10-15% ROI here so buying a multi here would be mostly for income.

Do you ever buy for income only and without  much possibility of appreciation also????....thx.