That’s only a good benchmark if some are converting to bookings 

My yearly benchmarks and targets are defined so she can see how each year we are further ahead than we need to be to reach that goal.

You want to see something that has low or no seasoning for a cash out refi or that may require low amount of documents.What is your draw fee & benchmarks for the repairs portion of the borrowed money?

Rates for non traditional financing is typically higher by 2-3% on average than traditional financing due to multiple risk factors; If we take Nationwide Average 30 Year Fixed as a benchmark (example 5.5%) then non traditional rates would be in 7%-8.5% range depending on MANY factors like (we call these rate adjustments):✅ Your credit profile: The better your credit score the better terms you would get, typically 760+ will get you the best pricing options ✅ LTV % - how much you are looking to put down & how much to borrow; higher down payment -> less risk -> better rate✅ Purpose - Purchase/refinance/cash-out; rates on cash out are typically higher✅ Type of Property (single, multi, condo, condotel, coop, mobile home, manufactured etc) anything other than single family represents higher risk -> rate gest adjusted for higher (every investor would have their own add on)✅ Location of the property - some programs might not be available in specific states; rates can vary per state as well✅ Fixed vs Adjustable vs Interest Only ✅ Prepayment penalty period - the shorter the period the higher the rate✅ Vesting in the name of LLC or personal name✅ Citizenship status ( US versus Non US such as ITIN/Foreign)✅ DSCR: Debt Service Coverage Ratio means that future rents cover mortgage payment; If Ratio (Future rent/mortgage payment) is >1 - you are covered, you are good, but what if rents do not cover DSCR <1?

My benchmark is a 5% cap rate, called the ‘normal’ rate as it held up for 30 years a couple of decades ago.

In case you haven't heard, the Portland market doesn't conform to the financial benchmarks that are talked about (at least on the MLS).

Just benchmarking to see what others have done.  

Also, with a $295K purchase price at current interest rates, $1k monthly rent is not a great yield ((1000*12)/295000)). 10% is a pretty safe benchmark but varies based on your location. 

If you're going to use recent history as the benchmark for your 20% gains, that's actually not all that much better than what you would have earned from investing in in an index fund and not lifting a finger otherwise.

Having pre-determined benchmarks for payment.