Rental prices are on the rise, which is great news for landlords but a bit tough for renters.

Several years ago, even with high cash flow from a business, I felt fairly locked out of the places I wanted to purchase due to endlessly rising prices and rates that required constant underwriting revisions to the point where it wasn't worth the time expense. 

While mortgage rates are a non-issue for you, the challenges of rising insurance costs and market fluctuations might deter other buyers, potentially lowering competition and prices.

The Oregon Coast is ground zero for regions of the country that will in many ways become more inhabitable as temps rise, water dries and abundance of resources is more critical.

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $50,000,000

Cash invested: $50,000

Limited Partner Syndication

Columbus, an Appreciation Allure, is a booming tech hub with rising property values, attracting professionals and families.

I would believe the comps you found and possibly take 5% off those as interest rates rise.

You might also check the temperature as to movements in the area to ban STRs.

I also suspect home prices would initially rise on the first 1-1.5% of cuts, but ultimately fall once we get to the 3-4% range as large  pre-pandemic supply comes back online, compounded by boomer land lords selling realizing the top of the market is in the rear view mirror (at least for them).If you eventually get squeezed on lower rents and valuations as the market normalizes, the ability to BRRR your pandemic era deals will be limited, so how do avoid trapping capital in the deals you already own from this environment? 

Lake County is coming down in price with interest rates rising - especially existing builds (not new builds).