Cash on Cash returns: Miami

[Christine C.]

Hello!

I’ve been analyzing deals in Miami and have been having a hard time finding any deals that yield higher than a 5% cash on cash return on residential condos.

I keep listening to podcasts and videos in experienced investors who don’t go for anything with less than a 15% return. So I don’t know if Im just too inexperienced in finding better deals or that they just don’t exist in Miami.

Can anyone share their experience in Miami and their personal market?

[Luis Garcia]

@Christine Concepcion Hi Christine, I haven't seen anything near a 15% return in Miami, especially in condos. You can find a few around 6-7%... you might be able to push it to 10% in rougher neighborhoods (single family) but it may also be more work/risk to manage those tenants.