If what we are feeling is accurate, the January data should show substantial increase in buyer demand.Jan 1, 2020 to Jan 1, 2025 InventoryWhile interest rates remain high, the demand from buyers is still strong.

As rates have gone up we tightened my sold comps.

Fort Collins did it since the 1960s and only recently created a law against it because of rent rates.

@Chris Pratt Since single-family houses with ADUs are not considered commercial properties, they are not priced based on income or cap rate.

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

The thing that would deter me from this location is a background rate of appreciation of 3.12% and low school ratings.

@Eli Fazzo The 6% rate is a bit of a misnomer. 

I agree, it could be possible but I have yet to see a deal that really works when the borrower is borrowing 100% financing on a deal as the lender is going to have much higher rates and default rates.

As another poster mentioned rates are lower than they've been in the previous 18+ months but unless some very surprising economic data comes out between now and when you did your refi it seems unlikely that rates are going up in the short term and there is at least a decent chance that rates drop a little more before then. 

Do you have any idea of the price point you can afford and are you looking for turn-key properties or something along the lines of a "fixer upper"?