While the 4.9% Cap Rate may not be high, it may be fitting for the risk/area.

Also my cash flow is not that great (relative to value of RE) because I have extracted value on a consistent basis (income is almost $20k/month more than piti but when subtracting off the other expenses (cap ex/maintenance, vacancy, misc) it is less.

Typically the total loan will be capped at 65%-70% of the after repair value.

For example above $1M-2M might be capped or vice versa, luxury properties could come with a premium compensation plan since they are more difficult to market and transact. - In competitive markets for hot properties, how the buyer's broker is compensated will have a major impact on the option the seller chooses.

Non-QM products don't, but you'll be capped at 75% LTV and pay above-market rates.

It's landlord friendly, taxes are around 1%, insurance is affordable, numbers are getting better every day and I would say on average you can buy rentals at around a 7% cap rate.

I am trying to sharpen the pencil in regards to my financial model for the single family homes that we own.  We currently use 3% but I am finding that is inadequate and I am wondering if anyone here had a back of the ...

Being honest, after cash on cash, dcsr, cap rate, noi, and occupancy rate.

It's crucial to conduct thorough market research, analyze potential properties, and evaluate their financial performance, including cash flow, cap rates, and projected returns.I recommend working with a local realtor familiar with the South Florida market to help you navigate the area, identify suitable properties, and provide guidance based on your investment objectives.If you have any further questions or need additional assistance, please feel free to ask.

I currently now have 25 SFR and profit 17k/month off them not counting vacancies, cap ex or random maintenance work.