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Updated almost 6 years ago,
Dutchtown Neighborhood Feedback
Hey all! Currently looking at a property in Dutchtown. It's near the southern edge of Dutchtown limits, near Delor St. Cash flow looks great and property looks sturdy. Inspections look solid with about $6k in repairs (mostly cosmetic). Cash flow can support a management company taking 10% of the rent, as well as pass all reserves (CapEx, Repairs, Vacancies) assuming 10% each.
I've read that Dutchtown is improving and seeing some revitalization. What is the general attitude towards Dutchtown? Would you invest in the area if the building is right and cash flow is good?
Thanks!
Jake