Is a 8.20% Cash on Cash return good for multi-fam investment?

[Roderick McCleary]

Hi All -

I am looking to buy a 3 flat and move into a unit for a year to be able to capitalize on favorable interest rates for a 'buy and hold' investment in Bucktown.

I ran the numbers on this property that I really like and I am showing the property is a 7.09% Cap and has a 8.20% CoC return. What is the forum's opinon of these numbers?

I have read conflicting opinions on both of these metrics when trying to pre-determine which is a good measurement of whether this will be a good investment or not.