Southern Midwest and Sunbelt investors what Cash on Cash are you getting in 2024?

[Sean Gammons]

I know Cash on Cash return is not the only important metric you should be looking at but for the sake of a simple answer what are you getting?

Are you able to find an 8%-12% CoC on C+ to B properties on the MLS? Where I live just running numbers on the MLS there isn't a lot of inventory of multifamily for sale on the MLS it seems like landlords trying to sell their properties in my area have them overpriced.

I'm from Kansas curious what you guys are getting or if you have to look elsewhere besides the MLS.

[Dave Meyer]

I invest a bit in the midwest, and get 3-4% as-is, on B properties. After stabilization, more like 6-9%. But I think this is just the running rate. You can call it 'overpriced' but others are willing to pay it, so I'd focus on finding the best deal you can find in your area, and not on a CoC return rate that may not be realistic these days.