Midwest SFR Cash Flow / COC Question

[Jordan Jones]

Hi all. For those who are in the midwest who are willing to share: what are you typically cash flowing on your SFRs and what are you getting for COC returns? Also, what do you consider "good" numbers? This is my second year doing real estate. I buy solid, high quality / low maintenance properties, in great, blue collar neighborhoods. I have 2 SFRs and a third under contract. All conventional 20% down. My second house performs quite a bit more than the first; and the third is projected to perform better than the second.

Either I'm getting better at finding deals, or my deals weren't that good to begin with...lol. That's the downside of a new endeavor; you don't know what you don't know. Thanks!

[Stephen J Davis]

I don't use conventional loans so I get a much lower down payment. I use hard money to purchase and then refinance after the rehab is complete. My COC is over 20% on the last 20 houses that I bought. About $350 to $400 cash flow on each house. Only about $18,000 total out of pocket. I'm picking up about 15 to 20% equity. Greater Houston, TX.

By the way, take a course on real estate investing since you are right. You don't know what you don't know. There are many great ones out there. Make sure they talk rental and not just flipping. You will move much faster after that.