Investing in rehabbed properties in Akron, OH

Akron, Ohio
Buying & Selling Real Estate
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Investing in rehabbed properties in Akron, OH

Wenqian Guo
Investor · San Bruno, CA · Member since 2017 · 19 posts · 22 votes

How do you like investing in Akron,OH so far? 

Is it a location that don't appreciate much but have stable cash flow? Particularly in zipcode: 44310, 44320

How is the market in Akron different than Cleveland, OH? 

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Marc RiceBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
3y
Quote from @Wenqian Guo:

How do you like investing in Akron,OH so far? 

Is it a location that don't appreciate much but have stable cash flow? Particularly in zipcode: 44310, 44320

How is the market in Akron different than Cleveland, OH? 

It's pretty similar to Cleveland and Youngstown from what I've heard. Just be careful on the areas and be very diligent on who you use for a property manager.
[email protected]614-363-2787
Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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  • Brendan Taylor
    Real Estate Agent · Akron, OH · Member since 2017 · 73 posts · 48 votes
    3y

    Personally I like to stick to single families and small multi families that we rent to Section 8 tenants here in Akron. Most of my properties are BRRR. If out of state maybe more turnkey would be easier. Akron is not an appreciation play but more of a cashflow one. Not that appreciation is non existent but it's a stable recession proof long term rental market. Feel free to reach out an I can guide you on what areas are best.

    As far as the difference between here and Cleveland you may have a little more competition there as it’s a popular place for out of state investors. Their housing authority is also a little more difficult to work with than AMHA…not that any housing authority is the greatest. 

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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    3y
    Quote from @Wenqian Guo:

    How do you like investing in Akron,OH so far? 

    Is it a location that don't appreciate much but have stable cash flow? Particularly in zipcode: 44310, 44320

    How is the market in Akron different than Cleveland, OH? 

    It's pretty similar to Cleveland and Youngstown from what I've heard. Just be careful on the areas and be very diligent on who you use for a property manager.
    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    2Reply
  • Harrison Chow
    Real Estate Agent · Columbus, OH · Member since 2019 · 292 posts · 364 votes
    3y
    Quote from @Wenqian Guo:

    How do you like investing in Akron,OH so far? 

    Is it a location that don't appreciate much but have stable cash flow? Particularly in zipcode: 44310, 44320

    How is the market in Akron different than Cleveland, OH? 


    Hey Wenqian! Akron may not see the same level of appreciation as other markets, but it has historically been a stable market. Additionally, the city has recently been undergoing revitalization efforts, which could lead to increased demand for rental properties in the future.
    The zip codes you mentioned, 44310 and 44320, can offer affordable real estate options with decent rental income potential. Feel free to reach out if you wish to discuss this further!





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  • Nicolas Looman
    Real Estate Agent · Member since 2023 · 38 posts · 35 votes
    3y

    Like everyone else said. Akron is a place to get cashflow and not particularly large appreciation gains. There is a lot of beautification and infrastructure projects that the city is constantly putting into place to encourage newcomers to give the rubber city a shot. 

    Comparing the Cleveland market to Akron has two main things to focus on. Taxes are much cheaper in Akron comparatively when looking at a C or B neighborhood in either giving you more slack in getting those caps a bit higher. Second, it is just an underappreciated investing market. OOS investors don't think to look there because they just simply do not know. The market is much cooler there allowing you more room to push negotiations and avoid multiple offers.

    I currently have 2 under contract in 44310 and will be at 11% cap on one and 10% cap in the other while setting aside 20% for pm, maintenance and vacancy. Overall not bad at all.

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