Key Indicators in Analyzing Rental Properties

[Paul Veronis]

Hello BP Community.

I am trying to get better at analyzing rental properties so that I can buy my first investment property. I was curious what other investors consider to be a good GRM, Cap Rate, and Cash on Cash Return? When I was looking online, different sources said that a good GRM was between 4 to 7, a good Cap Rate was between 8% to 12%, and a good cash on cash return was between 8% to 12%. Would you agree with these numbers, and if not what do you consider to be a good estimate for these indicators?

Also, what other key indicators do you use to figure out if a rental property would be a good investment?

Thank you.