I am thinking about investing in a St Louis County specifically I'm thinking about either keeping a property there or selling. I know that the income to home value is around 3.0 which is pretty good in the USA. There are plenty of high paying employers in the area. My goal is to rent out, and cashflow a single-family home for 2-3 years. However, I don't know if the neighborhood will continue to stay a B-, C+ neighborhood, or what the future will look like is my concern...
Real Estate Agent · Northern Virginia · Member since 2021 · 106 posts · 50 votes
3y
Nobody knows what the future will hold. You can look into things like construction permits, local zoning boards, or just driving around the city to see how much new construction is going on. Also, can look at census data. In my opinion if you like a deal now, it only gets better in the long run. Unless it doesn't meet the basics listed above. I'd try to rent it out, and if you have issues, you can always put it up for sale after that. Best of luck!
@Brandon Wagner Thanks for offering metrics that will hopefully help me make a decision! I do have to say though just putting something up for sale later could end up as a loss if and when the market becomes a buyers' market.