ROI in Boise market doesn't seem profitable. What am I missing??

[Ted Brown]

I have been reading the forums and using the calculators attempting to get some good investments to buy and rent in Boise. I have been working with a Realtor that has been helpful but every time I look at a property on paper and add in costs, hoa dues, insurance, repairs etc.. It is only kicking out ROI of about 5, 6% per year and this is a stretch. This is with me paying cash for the property. So I thought maybe you make out with the appreciation when you sell years later. But many articles say do not count on that when figuring out what investment to purchase. Can someone help me with my thought process? I am not seeing this worth the investment. I have to be missing something. I appreciate any and all input. Thanks

[Chris Isaacson]

In my opinion Boise is way overinflated for the incomes in the area, I was looking in that area for a couple years but I couldn't make sense of it. I think it is due to the massive migration of equity rich Cali refugees.

All raw land was priced for development and they are holding out. Multi-fam's were priced with very low ROI and still selling. I don't think you can possibly get a return on single fam if you were to purchase there today.

I still have sellers in my area escaping Cali for greener pastures in Boise. Interested in what other locals say.