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Updated over 4 years ago,
Rental ROI in Buffalo NY
Hello I currently own 2 properties. One I live in and also am in the process of a flip property in Buffalo NY. I'd like to invest into rental properties long term, and I understand the process of taking overall revenue and subtracting my liabilities, (insurance, taxes, cap ex, repairs, vacancy, mortgage if there is one etc). I also understand that the rental ROI might be different in different cities. I'm mainly aiming for a 20% ROI in Buffalo NY, but I'm not sure if that's realistic. I'm looking for landlords that have properties in the buffalo area that can share what they generally expect for their ROI. Thanks!