Cap rate compression continues

[Robert Steele]

The cap rates in my single family rental portfolio continue to compress. This is even after raising rents earlier this year by 10%.

In 2012 I was getting ~8%
In 2014 ~7%
In 2016 ~6%
In 2018 ~5%
In 2020 ~5%
In 2022 ~4%

With Treasury rates over 3% and rising it may not be long before I have to reconsider my wealth allocation.