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Updated almost 12 years ago,
Cash on Cash return for Single Family Home
What is the minimum cash on cash return I should look for in single family rentals? Here is a deal I just did and wanted some feedback on if it was a good investment. Bought 3/2 in good neighborhood. Sales price was $104000 put 26000 down and got 30 year loan for 4.50%. Should rent for $950-$975. PITI mortgage payments is $555. Love to hear your thoughts.