Longterm rental IRRs

[Wesley Bryant]

What's a realistic IRR to expect on a long term rental in the current market? I found a house in Atlanta that comes out to an IRR around 11% when I run the numbers, is that good or should I look for better? That's with 20% down, a 7.5% interest, and assumes I own it for at least 15 years. Any advice is much appreciated. Thanks!