A properly calculated cap rate can estimate a property's rate of return, but it should complement a comprehensive and detailed analysis of the property; it’s not designed to stand alone.📊 The Role Of Cap Rate In Investment Properties:- Cap rate is more than just a number; it's a guiding metric shaping your investment strategies.- A higher cap rate often indicates a potentially higher return but comes with increased risk.- A lower cap rate might suggest a safer investment but with lower returns.🧮 What Is The Cap Rate Formula?

I was very analysis paralysis on my first deal so I know the feeling. 

For a typical duplex or triplex, insurance can range from $1,500 to $3,000 annually, with flood insurance adding $600 to $2,000+.I’d suggest starting with a thorough market analysis to get a better understanding of the neighborhoods you're interested in.

Despite these hurdles, the deal highlighted the importance of thorough market analysis, strategic planning, and strong partnerships.

Despite these hurdles, the success highlighted the importance of strategic planning, market analysis, and strong partnerships.

Despite these hurdles, the deal highlighted the importance of thorough market analysis and strong partnerships.

Seek professional advice from a real estate agent or financial advisor for market analysis and financial planning.Good luck!

That will help you understand pricing trends for both the purchase but also the rental analysis. 

@Karolina Powell, I agree with @Evan Polaski's analysis.

You are asking to get stuck in analysis paralysis with this if you don't have any properties or capital yet.