What is a good cap rate in Canton?

A good cap rate in Canton depends entirely on the investor's goals, the property type and how it compares to that investor's other options, not one target number. Cap rate is net operating income divided by purchase price, so it moves with rent, expenses, vacancy and what you actually pay for the property. A rate that looks strong on a duplex can look weak on a newer build with higher taxes. Joel can run the real numbers on a specific Canton property instead of citing a generic benchmark.