Best cities to invest in Ohio

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Brandon GoldsmithBusiness Member
Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
3y

Markets like Cleveland, Dayton and Toledo will be better ohio markets for cashflow than Columbus which can cashflow but is also more on the appreciation side 

@Ivona Villanti

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  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    3y

    Markets like Cleveland, Dayton and Toledo will be better ohio markets for cashflow than Columbus which can cashflow but is also more on the appreciation side 

    @Ivona Villanti

    [email protected]614-963-3340
    9Reply
  • Matthew Masoud
    Investor · Orange County, CA · Member since 2014 · 363 posts · 408 votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


     Dayton and Toledo are great cashflow markets but lower on the appreciation side.

    Colombus and Cincinnati will be harder to cashflow but you'll likely see the appreciation. 

    2Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


    Columbus is a standout choice in Ohio. It offers a strong balance of cash flow potential and appreciation. With the EV factory boom, it's a market worth considering. Make sure to do thorough research on neighborhoods and connect with local experts.

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


    It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.

    As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio. I am also looking to invest in Cincinnati and Cleveland.
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  • Peter Vekselman
    Real Estate Professional · Atlanta GA · Member since 2015 · 615 posts · 225 votes
    3y

    If this is your first investment i would also factor in distance to where you live.  being new, the further away you are from the deals, the greater chance of something happening and you not being able to handle it correctly.

    1Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    3y

    @Ivona Villanti
    Columbus and Cleveland are both great markets to look into in Ohio. 

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  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


    As others have said, Columbus and Cincinnati are great. I am an agent in Cincinnati as well as Northern Ky. Northern Ky has some great potential, with growing population and more jobs (huge amazon distribution) as well as STR hot spots (Ark and Creation Museum), Northern ky should be put on the map as well. Let me know if there is anyway else I can help!

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  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you

    Hi Ivona, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

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  • Melissa Nash
    Rental Property Investor · Orange County, CA · Member since 2016 · 740 posts · 529 votes
    3y

    I have a few outside of Cinccinatti. I have a great realtor and team there if you need it. He finds me newly renovated properties. I just passed on a good one that had some equity with small repairs needed. Great cashflow - around 10% 

    1Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


     I would look into the tertiary markets outside of Columbus. However, Columbus is the place to be create generational wealth. Columbus is still investable. I foresee house prices soaring further without proportionate rent growth. 

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  • Edward Joseph GoldenPro Member
    Member since 2022 · 3 posts · 6 votes
    3y

    Cleveland is hands down the best city to invest in in Cleveland. Prices are cheap, people are always looking for rentals, and there are several neighborhoods here on the up and up. 



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    Cleveland Clinic announces $1.3 billion in projects, including new Neurological Institute on its main campus in Cleveland - cleveland.com

    One of these projects include a new 1,000,000 square foot facility in Cleveland. If that doesn't drive job growth hence rental demand, then I don't know what does.

    2Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you

     Cleveland and all the burbs . I recently picked up a 7 unit, with about 20% net cap, 2 4 brs also with about 15% net . I am getting 3 more this week all will have similar returns. Also, as of 10 minutes ago, I was presented with a SF and 2 duplex on one lot, that has gross rent of about 36k for 120k,,, now THAT looks good, but will find out in about an hour, 

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  • Chantal Thomas
    Member since 2020 · 32 posts · 8 votes
    3y
    Quote from @Bob S.:
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you

     Cleveland and all the burbs . I recently picked up a 7 unit, with about 20% net cap, 2 4 brs also with about 15% net . I am getting 3 more this week all will have similar returns. Also, as of 10 minutes ago, I was presented with a SF and 2 duplex on one lot, that has gross rent of about 36k for 120k,,, now THAT looks good, but will find out in about an hour, 


     You're a real estate consultant? Do you mentor new investors?

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y

    I have flipped approximately 500 properties to out of state and out of the country investors from around the world over the last 7 to 8 years. I’m more than happy to help, and answer any questions you may have

    0Reply
  • Steven TaylorPro Member
    Investor · Lorain, OH · Member since 2016 · 78 posts · 47 votes
    3y

    I have done very well in Lorain county 

    Manly Lorain and Elyria

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Steven Taylor:

    I have done very well in Lorain county 

    Manly Lorain and Elyria


     We do not touch Lorain, 

    All the best 

    0Reply
  • Linda LabbePro Member
    Investor · North Bay, Ontario · Member since 2015 · 709 posts · 263 votes
    3y

    Love Toledo we are easily getting properties there with great cash flow and low entry cost in great areas. Love chatting so if you have questions look me up

    0Reply
  • Ebony D.
    Member since 2023 · 4 posts · 0 votes
    3y

     Cleveland is great place to start. There are several MFH available big and small. Great potential, as an agent  I work with a lot of investors who would agree.

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


     Cleveland and all the burbs, I get 15 -20% or better net caps all the time, 

    0Reply
  • Vadim F.
    Investor · Member since 2020 · 337 posts · 213 votes
    2y

    Cleveland cash flow is king but also has some appreciation. Property I bought in May of this year has appreciated 15% already. Purchased with a tenant in place as a 13 net cap, but once I raise rents to market in a few months it will be 18 net cap. 

    0Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    2y
    Quote from @Vadim F.:

    Cleveland cash flow is king but also has some appreciation. Property I bought in May of this year has appreciated 15% already. Purchased with a tenant in place as a 13 net cap, but once I raise rents to market in a few months it will be 18 net cap. 


     unless it was forced appreciation I'd love to see a house that appreciated 15% in 6 months. 

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  • Vadim F.
    Investor · Member since 2020 · 337 posts · 213 votes
    2y
    Quote from @Robert Ellis:
    Quote from @Vadim F.:

    Cleveland cash flow is king but also has some appreciation. Property I bought in May of this year has appreciated 15% already. Purchased with a tenant in place as a 13 net cap, but once I raise rents to market in a few months it will be 18 net cap. 


     unless it was forced appreciation I'd love to see a house that appreciated 15% in 6 months. 


     The recent comps in a 1/2 mile vicinity for similar size and condition are up 15% from May of this year. I haven't done any work on property since its tenant occupied. If the tenant moves out at end of her lease, I will then do some work and force more appreciation into it. 

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    2y
    Quote from @Ivona Villanti:

    Wanted to know which cities do you invest in Ohio? I'm looking to purchase smaller MFs.  Cashflow is my main focus but appreciation is also important.  Thank you


     My top 7 Ohio cities right now

    1. Lorain

    2. Elyria

    3. Akron

    4. Canton

    5. Cleveland

    6. Toledo

    7. Columbus

    0Reply
  • Carlos Scarpero
    Lender · Dayton, OH · Member since 2018 · 118 posts · 19 votes
    2y

    Dayton is a great market for cashflow

    1Reply
  • David Leggett
    Real Estate Broker · Cleveland, OH · Member since 2018 · 227 posts · 133 votes
    2y
    I'm seeing a lot of good opportunities in Cleveland recently for multi-family properties priced 90-120k that are renting out between $1,300 - $1,850+, it just depends on the types of neighborhoods you're looking to invest in. 

    But there's also a lot of great opportunities for higher end multi-family properties in surrounding neighborhoods like Lakewood, Ohio City, Tremont, Cleveland Hts that will bring in top market rent, but cash flow won't be as strong compared to the C to D neighborhoods.  

    1Reply
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