Cash flow on Waukesha WI Single Families?

[Daniel Hanson]

Hi all, i'm evaluating some potential rental purchases in Waukesha Wisconsin. Just curious what sort of cash flow for single families investors are actually seeing on properties they own. The SFH I evaluated and walked through today looked to be about $230 a month cash flow. Is that acceptable to local investors or would you shoot higher? Perhaps I am just spoiled by the higher cash flows and COCR's in Milwaukee? In this case it is a foreclosed 3-BR priced around 105,000.