If I asked, "Is $10,000 a good price for a car?", what would you say? Likely, that it depends upon the make/model, age, repairs, etc.
The same is true in this situation. You need a lot more info before knowing whether that's "good."
What kind of units, what kind of rents, and where? What was/is your purchase price? Do you live in an area with 4-5% caps or 10-12% caps? Are your rents $400/month or $4000/month? Is the building old or new, good condition or bad? Knowing your motivation (is this a potential purchase or a building you already own?) is also important.
While cash flow is important you also have to judge on a % return (cap or IRR) compared to market.
Jan 9, 2014