Toledo Ohio investment will it increase value
Hi BP friends! I have a potential investment in Toledo Ohio 43607 and I'm still deciding if it's a good buy. I'm from out of state. I've noticed that the properties are cheap on that zip code less than 10k. I'm wondering if the properties will go up in value in the future. It seems like the value don't increase much from 2012. The property just need minor cosmetic fix like paint, make the hardwood floors shine again, kitchen drawers missing and garage gutters fix. I'm wondering if it's a good potential investment considering the value is so low but potential cash flow will be good. ROI will be 39%. Pretty good but the only thing holding me back is the value. Will it be good buy for BRRR later if it's low? I appreciate your advice. How can I force the value up?
Anyone here who’s a contractor or know an honest contractor that can help me fix up the house? I also might need a property management the seller said he has one but I just wanted to have a backup if this will push through.
Thank you for all your help.