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Updated about 11 years ago on . Most recent reply
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Rentals in Rochester
I graduated from RIT 3 months ago and am planning to buy my first rental property in Clifford Ave. I still need to check the demographics and neighborhood in that area? Any advice or suggestion about the neighborhood would be really helpful.
Thanks
Most Popular Reply
Details about the property would certainly help. Clifford Ave isn't the most desirable area to own rentals, but there are a number of landlords who successfully invest there. I think it's beneficial being on Clifford opposed to an off-street since Clifford has heavy traffic which results in less property crime. @Mark Updegraff gave solid advice and I'd reiterate walking the property and scoping out the area to see if it's a good fit to your strategy.
Pros: cheap units and high cap rates
Cons: DSS/Sec 8 tenants likely and crime