2021 Opportunities in Cleveland?! 👌Research Included

Starting Out
5yFollow

2021 Opportunities in Cleveland?! 👌Research Included

Johnson Yu
Rental Property Investor · Cincinnati, OH · Member since 2020 · 52 posts · 25 votes

Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?

Marco:

  • - Heath Sector is one of the major employers → increased aging population/more job growth 
  • - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub
  • - Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"
  • - Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASA

Micro

  • - Great PTR ratio → Great cashflow
  • - Strong renter's markets → over 50% renter occupied
  • - Barrier to entry is low → scalable
  • - BRRRRable

Neighborhoods (highest appreciation rates)

  • Detroit Ave / W 25th St
  • W 25th St / Walton Ave
  • W 6th St / Literary Rd
  • Route 422 / Broadway Ave
  • W 7th St / Marquardt Ave
  • Castle Ave / Scranton Rd
  • Detroit Ave / U.S. Route 6
  • Lorain Ave / W 48th St
  • Lake Ave / Detroit Ave
  • Also check out @James Wise's guide to Cleveland Neighborhood!👌

    https://www.biggerpockets.com/...

4Reply
38 views

Most Popular Reply

Brian Garlington
Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
5y

I've been investing there for years.

1Reply
See this reply in the discussion

11 Replies

Jump to latestLatest
  • Alexander K.
    New to Real Estate · Cleveland Ohio · Member since 2020 · 21 posts · 10 votes
    5y

    @Johnson Yu

    I am sure you know much more than I do, but I grew up in the area and your information looks exactly right. 

    0Reply
  • Brian Garlington
    Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    5y

    I've been investing there for years.

    1Reply
  • Alberto Nikodimov
    Property Manager · Orlando, FL · Member since 2020 · 200 posts · 194 votes
    5y

    Hi @Johnson Yu, I'm glad you have found an area you are interested in. I've been looking at Cleveland for a while as well. Once you get started, I will be happy to learn about your experience and maybe invest there myself. Let's keep in touch!

    1Reply
  • Jacob Repreza
    Real Estate Agent · Orange County, CA · Member since 2016 · 207 posts · 111 votes
    5y

    We've been investing there for about a year and a half and had no idea about the opportunity corridor so that was a pleasant surprise as most of our properties are in the east suburbs. Thanks for the info! 

    1Reply
  • Luis Angamarca
    Investor · NJ · Member since 2018 · 15 posts · 4 votes
    5y

    Hi @Johnson Yu, 

    How did you go about finding the highest appreciation rate neighborhoods? 

    0Reply
  • Ari Hadar
    Investor · Member since 2020 · 401 posts · 86 votes
    5y
    Originally posted by @Johnson Yu:

    Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?

    Marco:

    • - Heath Sector is one of the major employers → increased aging population/more job growth 
    • - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub
    • - Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"
    • - Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASA

    Micro

    • - Great PTR ratio → Great cashflow
    • - Strong renter's markets → over 50% renter occupied
    • - Barrier to entry is low → scalable
    • - BRRRRable

    Neighborhoods (highest appreciation rates)

    • Detroit Ave / W 25th St
    • W 25th St / Walton Ave
    • W 6th St / Literary Rd
    • Route 422 / Broadway Ave
    • W 7th St / Marquardt Ave
    • Castle Ave / Scranton Rd
    • Detroit Ave / U.S. Route 6
    • Lorain Ave / W 48th St
    • Lake Ave / Detroit Ave
    • Also check out @James Wise's guide to Cleveland Neighborhood!👌

      https://www.biggerpockets.com/...

    But the population is not growing for 10 years and so are the jobs not increasing. 

    Which neighborhood/cities are up and coming? 

    0Reply
  • Mechon V Scoggins
    Member since 2020 · 7 posts · 2 votes
    5y

    @Jennifer Sheffield

    0Reply
  • Johnson Yu
    OP
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 52 posts · 25 votes
    5y
    Originally posted by @Luis Angamarca:

    Hi @Johnson Yu, 

    How did you go about finding the highest appreciation rate neighborhoods? 

    Here! At the bottom of the article https://www.noradarealestate.c...

    1Reply
  • Johnson Yu
    OP
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 52 posts · 25 votes
    5y
    Originally posted by @Ari Hadar:
    Originally posted by @Johnson Yu:

    Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?

    Marco:

    • - Heath Sector is one of the major employers → increased aging population/more job growth 
    • - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub
    • - Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"
    • - Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASA

    Micro

    • - Great PTR ratio → Great cashflow
    • - Strong renter's markets → over 50% renter occupied
    • - Barrier to entry is low → scalable
    • - BRRRRable

    Neighborhoods (highest appreciation rates)

    • Detroit Ave / W 25th St
    • W 25th St / Walton Ave
    • W 6th St / Literary Rd
    • Route 422 / Broadway Ave
    • W 7th St / Marquardt Ave
    • Castle Ave / Scranton Rd
    • Detroit Ave / U.S. Route 6
    • Lorain Ave / W 48th St
    • Lake Ave / Detroit Ave
    • Also check out @James Wise's guide to Cleveland Neighborhood!👌

      https://www.biggerpockets.com/...

    But the population is not growing for 10 years and so are the jobs not increasing. 

    Which neighborhood/cities are up and coming? 

     That's what I'm trying to figure out as well!

    0Reply
  • Ari Hadar
    Investor · Member since 2020 · 401 posts · 86 votes
    5y
    Originally posted by @Johnson Yu:
    Originally posted by @Ari Hadar:
    Originally posted by @Johnson Yu:

    Howdy Folks! I was doing some DD on Cleveland, OH and concluded that it might be a great market to enter in 2021 for cashflow & appreciation, due to a couple of things: What do you guys think?

    Marco:

    • - Heath Sector is one of the major employers → increased aging population/more job growth 
    • - Bioteh, fuel cell research & tech sectors all growing → forbes speculates could be next tech hub
    • - Opportunity Corridor (projected to complete in summer 2022) → revitalize the "forgotten triangle"
    • - Large businesses coming in & staying → Plug & Play (start up accelerator funding company), Link 59 (62,000 square foot complex), Sherwin Williams, NASA

    Micro

    • - Great PTR ratio → Great cashflow
    • - Strong renter's markets → over 50% renter occupied
    • - Barrier to entry is low → scalable
    • - BRRRRable

    Neighborhoods (highest appreciation rates)

    • Detroit Ave / W 25th St
    • W 25th St / Walton Ave
    • W 6th St / Literary Rd
    • Route 422 / Broadway Ave
    • W 7th St / Marquardt Ave
    • Castle Ave / Scranton Rd
    • Detroit Ave / U.S. Route 6
    • Lorain Ave / W 48th St
    • Lake Ave / Detroit Ave
    • Also check out @James Wise's guide to Cleveland Neighborhood!👌

      https://www.biggerpockets.com/...

    But the population is not growing for 10 years and so are the jobs not increasing. 

    Which neighborhood/cities are up and coming? 

     That's what I'm trying to figure out as well!

    I was thinkung your data tell you all

    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    5y

    I only clicked this thread because of the emoji in the title. Emoji's get me everytime.....🤷

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free