Thoughts on LTRs in Lincoln Village
Hello BP! Does anyone invest in the Lincoln Village area, specifically south of I70 and west of 270? I have a rental in Hilliard and it made sense to purchase when interest rates were so low but it is difficult now to find a deal that cash flows without flipping. So my thought is to move to a cheaper area code and I want to know peoples opinions about the area as the homes are generally a little cheaper. do you have much success or is there another area you are investing in that is similar but in a different area of the city?
Also, i know interest rates will change so that isn't my only factor when considering where to buy the next rental. It is just rough seeing a SFH in Hilliard around $340k and then just a little bit south they sell for $250k and I think it is a B- neighborhood but I need to do a little more research
Again thank you everyone in advance and I am looking forward to the next RE meet up. I missed the last one due to a tax deadline I had to work late for.
Other areas I am analyzing are West Jefferson/Lake Darby, Marysville, and Delaware which all seem a more affordable than about everywhere in the 270 belt.
I have family in Marysville and Delaware and in Dayton so that is why I am more interested in these areas. Aka I don’t have much desire to buy something SE of town since my long term plans are to be northwest of Columbus.
Quote from @Austin Delk:
Hello BP! Does anyone invest in the Lincoln Village area, specifically south of I70 and west of 270? I have a rental in Hilliard and it made sense to purchase when interest rates were so low but it is difficult now to find a deal that cash flows without flipping. So my thought is to move to a cheaper area code and I want to know peoples opinions about the area as the homes are generally a little cheaper. do you have much success or is there another area you are investing in that is similar but in a different area of the city?
Also, i know interest rates will change so that isn't my only factor when considering where to buy the next rental. It is just rough seeing a SFH in Hilliard around $340k and then just a little bit south they sell for $250k and I think it is a B- neighborhood but I need to do a little more research
Again thank you everyone in advance and I am looking forward to the next RE meet up. I missed the last one due to a tax deadline I had to work late for.
I have had clients purchase in that location and they love it!
Quote from @Austin Delk:Hey Austin!
Other areas I am analyzing are West Jefferson/Lake Darby, Marysville, and Delaware which all seem a more affordable than about everywhere in the 270 belt.
I have family in Marysville and Delaware and in Dayton so that is why I am more interested in these areas. Aka I don’t have much desire to buy something SE of town since my long term plans are to be northwest of Columbus.
I know Marysville is a great location and definitely safe which is a huge thing I look for in my LTRs here in Columbus. Most of my co-workers live in the Delaware area so if you are targeting more white collar individuals for renting then I would for sure suggest those locations. Obviously the cash flow might be a little suppressed due to the neighborhoods being higher quality. I would suggest looking to Delaware for appreciation and I believe Marysville appraised pretty well when my friends lived up there. If you want to just message me and I can drop you some contacts that have lived in the area if you want to reach out. Good to see you investing in the area and Go Devils!
I have sold some rentals in that area and I personally think its an underrated neighborhood in Columbus. The numbers still make sense there and its a safe part of town@Austin Delk
Big fan of lincoln village!
It's the perfect inbetween from Hilliard and Hilltop. With the right property, that's a good LTR location in Columbus.
