Criteria for evaluating properties in Sudbury, Ontario

[Andy Sung]

Hi BP!  

I am currently looking for multi-family investment properties, and would like to see if the following criteria are reasonable.  

cap rate: 5.5% (Even this is probably stretching it as many buildings are ~5% now)

vacancy: 4% 

repair and maintenance: 5% (is this insufficient for older buildings?  Most buildings in the area are ~1950 or so.

property management: 8% (is this the norm around the area?)

price per door: $120k-$150k (seems like this is the norm these days in 2nd/3rd tier cities?)

I would like to hear from the experience of investors :)  

Thanks.