What’s realistic Return on Investment

[Ashley Nolan]

Although I have a few properties under my belt, I am very new to being knowledgeable real estate investing. Single Family rentals.

The majority of my properties were purchased during the recession and therefore my COC (am I even saying this correctly) has always been in the 20% and I even have one at 30%. With this new market, prices are much higher (I am most comfortable in California market - where I live and know the market) and therefore COC is MUCH lower.

I know there is a lot more that goes into deciding if a property is right or now, not just COC. But I am struggling with being comfortable with a 7% COC.

What is everyone's minimum COC on a rental?