Investing in Cleveland Ohio
Is East & west Cleveland Ohio good places to invest Into rental properties ? ( resident of nyc).
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@Tom Ott local knowledge can certainly outweigh market-level statistics, but here's what it looks like for the Cleveland MSA as a whole (which is Cleveland proper + surrounding areas):
Still not good. Declining population.
Perhaps there are underlying trends that are more promising for the area, but from a high level it doesn't look great. The cash flow available in that market also indicates it's not a strong market. You don't get 14% CoC in an area with a lot of growth and appreciation. Economic dislocations like that just don't occur (at least not for long if they do).