Stroudsburg milti family has protentials??

[David Smith]

compare to other cities ( like Easton, Port Jervis) 1.5 hr drive to NYC?     Good employment rate?

What is a good cap rate there to buy ?

[Josh Caldwell]

You question is about cap rate but I am not sure that is the best metric for you.  There is an inverse relationship (in general) between cap rate and neighborhood quality.  You can get great cap rates 20% plus in ghetto neighborhoods, and you can get crap cap rates 5ish in desirable neighborhoods where the property might eventually appreciate (investing for appreciation is gambling, don't do that)  So the first question you need to answer is what is you tenant pain in the *** tolerance?  If you can deal with war zone tenants, good for you. I can't without losing my mind. I tend to aim for blue collar neighborhoods where cap rates are closer to 10% and where I have tenants who actually live like adults. With that being said, I look at cash flow of $250 per door as my minimum acceptable rate.