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Updated almost 9 years ago on . Most recent reply

This a good Buy Criteria?
I recently started a marketing campaign and want to make sure my BUY criteria seems in-line with most investors.
Goal: Buy, Hold, Rent
Area: Ohio (within 1.5 hour radius of me)
Criteria: Buy at least 10% below ARV, Using 20% down and a 30 year mortgage I need to achieve at least a 10% Cash-on-Cash (Using Bigger Pockets Rental Calculator) return after all expenses accounted for (Vacancies, Repairs, CapEx, Management).
Sound decent?