It's the fastest-growing city in Ohio and average rent prices increased by 10% in August which is the highest on record.

Returns in syndications vary wildly depending on the operator, the market and the asset class but generally the cash on cash is 6%-10% and the average annual return can be anywhere from 6% to 15%. 

I wanted to take the first step in networking by introducing ourselves with a bit of background:1) My wife and I (Reham & Moustafa) started our REI journey back in Dec 2019 as buy & hold investors:              - YTD we have 5 doors ( 2 x 2 Families in northern NJ and 1 condo in Egypt)              - Looking to average 1 property per year (started looking into investing out of state starting (Tampa FL - I blame NJ taxes! 

There is a lot of info not listed so I did my best with the calculations and assumptions:- Multifamily Apartment - Value Add - 32 units- Total income / year = $256,264.97- Total Expenses / year = $234,781.81- NOI = $21,483.16- Average rent in area per rent roll & rentcafe = $1,200 / unit so $460,800 / year (which is different than what is shown on ProForma)Anyway, I go to use the valuation calculator on Crexi and the first number that makes sense for a purchase price is $500,000 (super low for a 32 unit complex).

Of course, all of this is on average, and in down markets things can wreck even the best laid plans.

Average days on Market: 17 days.

The impact will be blunted by something most aren't aware of: Even as interest rates fell in 2020, causing the refi boom, lenders on average were significantly INCREASING their profit margins.

I've provided the tenants with several months of notice that rents will be going up with their upcoming lease renewals. 23 units * $75 average increase * 12 months * 90% occupancy = $18,630 / year additional NOI. 

Forgot to mention i would be using VA loan so no money down necessary and I've already been pre approved for more than what an average multifamily would cost. 

Auction.com is a little tricky to figure out how to download a complete list in the Excel format.