What Cash on Cash ROI are you seeking with rentals?

[Lloyd Silver]

As the title asks, what kind of cash on cash return are you looking for in the Fort Myers / Cape Coral areas these days? For SFRs and Duplexes? 

[Matt Leber]

@Lloyd Silver I’m looking for 10%+ in Central Florida (Orange County & Brevard County) and Jacksonville. I’m factoring in down payment + closing costs + rehab costs versus 12 months of cash flow with capex/repairs/vacancy set aside.

[Lloyd Silver]

10% has been my number as well although not sure if that's high enough in this environment. On the other hand, almost every offer price I see brings a cash on cash return in the 6 to 8 percent range. 

[Adrian Smude]

20%+ but we typically buy 30%+
mobile homes with the land. Between Brandon, Zephyrhills, Auburndale, and Lithia, FL. Basically 30 min from Plant City.