First time investor - looking for a SFH with positive cashflow

[Ram Reddy]

I am looking to invest in the Cleveland or Columbus area on a rental property within $200K price range. Is it possible to find positive cashflow properties in these areas (positive after including mortgage)? What should be my expectations for the rent if the property is priced around $200K, given it will be a ~20 year old building? 

I searched through a lot of online listings, but everything seems to fall either in the negative cashflow region or the property isn't appealing in the photos. I am not sure which neighborhood to focus on. I am just stuck with analysis paralysis since 8 months :) So hoping to close a deal sometime soon.

Would love any recommendations for a trusted real estate agent and property managers that help out and zipcodes to target? Thank you so much

[Anthony L Amos Jr]

Quote from @Ram Reddy:

I am looking to invest in the Cleveland or Columbus area on a rental property within $200K price range. Is it possible to find positive cashflow properties in these areas (positive after including mortgage)? What should be my expectations for the rent if the property is priced around $200K, given it will be a ~20 year old building? 

I searched through a lot of online listings, but everything seems to fall either in the negative cashflow region or the property isn't appealing in the photos. I am not sure which neighborhood to focus on. I am just stuck with analysis paralysis since 8 months :) So hoping to close a deal sometime soon.

Would love any recommendations for a trusted real estate agent and property managers that help out and zipcodes to target? Thank you so much

Columbus is a great market to invest in, however the median sale price in Columbus is about 280k. There are some single family homes in developing neighborhoods that fall under 200k, however. 

Also, you will find excellent opportunities in markets like Toledo, Cleveland, and Dayton within your price range. You can find multifamily properties that need cosmetic rehab or are turnkey in those markets below 200k.