High-yield, “low-risk” M/F submarkets with double-digit cash-on-cash %

[Lambros Politis]

I'm looking to liquidate my modest real estate portfolio in the PNW via a 1031 exchange and move into a high-yield tertiary market. I'm targeting a double-digit cash-on-cash return in year one. Even with these significantly elevated interest rates, are there markets where sufficient cap rates remain on multifamily to achieve that target? I don’t really care about appreciation, I mainly focused on significant cash flow with minimal tenant headaches.