What returns (cash on cash) are you looking at for your property?

[Kyle Z.]

What types of returns are you seeing for your investment property (cash on cash, and cap rate), especially for any new homebuyers in this high rate environment (7%+)? I am seeing cash on cash returns of only 9% every year - is this too low? (with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).

I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

[John Morgan]

@Kyle Z.

I'm cool with only 7-10% CoC. In 3 years all these base hits look like doubles. In 5 years some are home runs. So I'm good starting off slow. I can wait 5-10 years to create generational wealth.