Looking for some insights of how Rochester NY market housing is lately.

[Long Bui]

Hi investors, Im looking for some insights about how does the Rochester rental market do in the current market. From your experience do you think this market is gaining strength lately? Would it be consider as an appreciation market yet or just more like cash flow type of deal (since housing price is still fairly affordable)? If you are currently in the market of Rochester, I would love to connect with you. Which area of Rochester would you investing in. I am more on the cash flow team, but would also trying to get something for our future generation as well if possible. All input would be appreciated, btw I am using DSCR loan, with 20% down and interest is about 8% a piece with credit about 695, so Lenders welcome to join in this post. Currently i have 2 potential properties that I would like to get my hand on in 14606 area.

Thank you so much!!!  

[Preston Garcia]

Hey, I just messaged you! I’m an agent over here in Rochester and would love to go over the market!

[Mathew Rebera]

Hi Long, I have spent the last 5 years studying real estate at the University of Rochester and specialize in multi-family cash flowing opportunities for new investors. If there is one I have to say, the market is still running hot!

Certain areas around the university of Rochester are having a massive gentrification, including the west side of the 19th ward. Mostly single family properties but are cash cows none the less. East Rochester is also a beautiful part. If you are looking to expand beyond student housing, Pittsford, Brighton, Gates, Chili, and Henrietta all have fantastic school districts and opportunity for family rentals. 

I'll follow up in messages!