Thoughts on C-Class Neighborhoods
Hello Bigger Pockets community!
I'm curious about people's thoughts on and experience with C-Class Neighborhoods that you've invested for BRRR rental properties?
I have a market that seems to stack up as far as numbers but my final concern is regarding the type of tenants that the area will attract.
As far as numbers I could get a home in the $50k range and rehab it with around $10k-15k and average rent in the area would be around 850-900 for a 3/1 or 3/2 SFH. If we're applying the 1% rule, we're actually closer to around 1.5% or so. So numbers are good.
My question is, will the area and the tenants it attracts end up causing more headaches than the numbers are worth? Anyone with experience that can help would be greatly appreciated!
As a point of reference this is the article I'm referring to when I talk about C-Class neighborhoods.
Thanks for the help!