Updated almost 6 years ago on . Most recent reply
Difference in cash-on-cash between single and multi-family.
I'm getting started with investing and I'm curious as to what the expected difference would be for cash-on-cash between a typical single-family home and multi-family property in Jacksonville. By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style properties.
My understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both? Or would you guys think a different range is more typical?
It seems that many of the multifamily properties I've seen on MLS and Zillow have similar cash-on-cash to single family homes (based on my projections using rentometer.com or already stated rents). Am I just not looking at the right properties? (NOTE - MLS listings have been for a different area, so may not be relevant to Jacksonville).
Thanks in advance for any input you can provide.
My understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both? Or would you guys think a different range is more typical?
It seems that many of the multifamily properties I've seen on MLS and Zillow have similar cash-on-cash to single family homes (based on my projections using rentometer.com or already stated rents). Am I just not looking at the right properties? (NOTE - MLS listings have been for a different area, so may not be relevant to Jacksonville).
Thanks in advance for any input you can provide.