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Updated over 6 years ago on . Most recent reply
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Good rental locations in Rochester, NY
I live in North Carolina and own 4 rental homes here (three I bought with cash and 1 has a small mortgage). I have been looking at the rental home market in Rochester, NY for the past several weeks and have pinpointed a collection of homes for sale in and around the city that seem to have a good potential. Using available data and financial techniques I developed over time I identified a few neighborhoods that have homes that if bought and rented could provide the mix or rental income and gross yield that I seek. I'm not from the area and was hoping for input/advice on these neighborhoods from a local person. I don't want to be in poor areas and prefer pleasant and safe working class neighborhoods with low turnover. Can anyone advise me?
The neighborhoods I have located that seem to fit my interest: Charlotte, Dewey, Greece, Uptonville, Irondequoit. Areas west side of the Genesee River near downtown see generally good.