As I have stated on this forum previously I do not focus on capital growth. The only numbers I really focus on are the overall earnings/costs for the year with the goal of the earnings >= costs. If I can achieve this the hold cost of the property is basically nothing, and will only improve with time as rents increase. Any capital gains are a bonus.
The other thing to consider is that if you are an investor with multiple properties the overall earnings and costs are what is important as over time you will always have an issue here or there that will blow out costs on a particular property or reduce the income but if overall your earnings >= costs that is all that counts - it is the one advantage of having multiple properties vs a single property.
