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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesFirst rental property in Cleveland suburb (Wickliffe)
Sameer M.'s profile image
Sameer M.'s profile image
Sameer M.
  • from New York City, New York
  • Member since Feb 12, 2012
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Sameer M.'s profile image
Sameer M.'s profile image
Sameer M.
  • from New York City, New York
  • Member since Feb 12, 2012
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Sameer M.
  • New York City, NY
6
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52
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General Landlording & Rental Properties

First rental property in Cleveland suburb (Wickliffe)

Sameer M.
  • New York City, NY
Posted Feb 20 2015, 07:15

Friends,

I am about to close on my first OOS investment property in Cleveland OH. This is a 3B 2.5B 2 story house in Wickliffe (a suburb 12 miles east of Cleveland). Has good schools and a safe neighborhood.

Little nervous so wanted a ballpark estimate / advice from local experts as to what are typical rental comps. in this area and how much vacancy rate shall I assume.

My personal estimates are 1000 pm and 1 month vacancy. Is this reasonable or too optimistic / conservative?

Thanks in advance.

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