In many of the C-class neighborhoods, rental rates are exceeding the expenses for investors.As of April 2024, the median price of a home in Ohio was $238,700, which is a 4.7% increase from April 2023.

Part of the funds we are taking from a “C” market and will invest in an “A” market thus increasing both our development and monthly cashflow returns.4.  

.- Located in a C- to B neighborhood—close to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.

I'd rate the neighborhood B or high C.

The property would be in a C+ to B- type location, with cash flow as the main objective and appreciation second (75/25 split).

@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas. 

I suspect this is in a C/D area, would I be correct?

Originally posted by @Nick C.

This sounds like a class C property based on the numbers so thsoe are typically very high costs that you will incur.

Luke - as an active investor and Realtor in mid-sized NC cities, getting 5% with today's home prices and interest rates is impressive in areas that aren't D or even C class assets/areas.