South Korea/North Carolina · Member since 2019 · 5 posts · 1 vote
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).
Hi. I have a similar question because there seems to be something off with either the calculators or the way I use them. I keep finding the cashflow to be similar whether it is a single family home or a multi. So it keeps coming up that I am better off buying 2 single family homes than I am buying one duplex (for the same total purchase price), which to me makes little sense to me. Thanks.