Rental ROI in Buffalo NY

[Joshua Esplugas]

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!

[Matthew Irish-Jones]

@Joshua Esplugas  generally speaking the higher the cash on cash return the higher the risk.  There are neighborhoods in Niagara Falls where every property is a 20% cash on cash return.  They are also high risk areas.  

Cash on cash is an important factor to consider when buying an investment but, its not the only factor.  There are homes that look great on a spreadsheet and are horrible investments in reality.