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Updated about 1 year ago, 11/13/2023

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1
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8
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Ram Reddy
8
Votes |
1
Posts

First time investor - looking for a SFH with positive cashflow

Ram Reddy
Posted

I am looking to invest in the Cleveland or Columbus area on a rental property within $200K price range. Is it possible to find positive cashflow properties in these areas (positive after including mortgage)? What should be my expectations for the rent if the property is priced around $200K, given it will be a ~20 year old building? 

I searched through a lot of online listings, but everything seems to fall either in the negative cashflow region or the property isn't appealing in the photos. I am not sure which neighborhood to focus on. I am just stuck with analysis paralysis since 8 months :) So hoping to close a deal sometime soon.

Would love any recommendations for a trusted real estate agent and property managers that help out and zipcodes to target? Thank you so much

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