Dont justify a bad deal thinking that debt paydown by tenant and thinking real estate is fantasy land where a fully rehabbed lower class C property wont have a cap ex call in the next 48 months is true.

The NOI for the property is $1600/month and using a cap rate of 6%, the estimate value based on income would be $320K. 

I would never suggest purchasing your arbitrary and theoretical scenario of a 200k home that brings in 1300 a month (unless there was a development opportunity for a higher and better use.)What I am simply stating is that a single 200k home that has a "cap rate" (I hate using that term in non-commercial) of 11 percent, will yield much more than ten seperate homes in war zones purchased 20k range with a similar "projected" cap rate; as well as be MUCH more "passive."

office building in a good area with strong tenant on a {double} net or percentage lease (if applicable) of at least 5yrs, I would entertain a CAP of 7-8%.

Good luck with you decission, I'm sure you will qualify for similar financing....but fixed rat at 3.99%, how is that fixed and have a cap of 10%, is that what I read?....

The banks must follow this 9 of 10 times, so they might deviate if the reason is good enough.Norway is a cap gain market eith very low mortgage interests. (2-3%).Almost every adult Norwegian own their own property.

Coachella, your best bet is a non-HOA governed property in Bermuda Dunes.Aside from that, Indio has some STR-friendly HOAs and a few STR-friendly non-HOA neighborhoods as well.Palm Desert is clamping down on STRs so I would stay away from there.Palm Springs has implemented a cap on yearly bookings allowed so be careful there.Big Bear is ok for an STR.

Since a cap rate is relative to the implied risk of the property (among other things), I think determining whether the cash flow of a property is great or not should be compared with the risk you are willing to take and your particular investment objective.

I don't personally use a cap rate when evaluating 1-4 unit properties.

A motivated seller could easily move their property with an 8-9 Cap and not have to sell at a Cap that would yield a 10% coc.