Did RE Cap Rates generally follow higher, along with the sky-high interest rates?

They found that cap-x kept gobbling up revenues and it was a net-0.

The City/County/State rent caps only apply to leases that are being renewed. 

So my area has sub 6% cap rates.

@Joe MichaelsI believe the new cap ex starts a 27.5 year clock at the time of repairs.

A few things we’ve been thinking about* Appreciation > Cash Flow: We care more about appreciation in a few years as long as cash-flow can cover occasional cap-ex.* Low Hands-on operation: We prefer minimal hands-on engagement.

I anticipate serious cap ex expenditures coming his way. 

I will like to know how people make money buying at 5.62% cap rate when 30yr mortgage is hitting 6%.

Due to current interest rates, many CAP rates are much lower than they should be and usually there is only so much price discount a non-delinquent seller will be able or willing to offer.

This will be negative cash flow if using sustained maintenance /cap ex.