South broadway, Cleveland, 44105 Review

8 Replies

Hi,
Planning to buy a property in South broadway neighborhood of Cleveland, Ohio, zip code 44105.
Ultimate guide has this zip code in C and F neighborhood.

However below says its C class neighborhood: Would like to what class the property is really in and if it's worth buying there? Thank you.

Hey @Jay S.

South Broadway is going to be largely F level risk based on the data. 

The website you are using, Niche, only scores on an A to D scale, so a C+ average is suggestive of more of a low C, high D level neighborhood. This may actually be a good average score but it's important to break the neighborhood down further.

The further south you going within the neighborhood, the better it becomes. 

Certain small parts of the southern portion can be considered D and even C class.

The graphic below shows what I mean

Originally posted by @Jay S. :

Hi,
Planning to buy a property in South broadway neighborhood of Cleveland, Ohio, zip code 44105.
Ultimate guide has this zip code in C and F neighborhood.

However below says its C class neighborhood: Would like to what class the property is really in and if it's worth buying there? Thank you.

It does vary quite a bit from street to street, but no matter how you slice it, it's a gamble in that area. If you are totally new to investing in the Cleveland market (which I suspect you very much are), stick to better areas for your first investment. Good places for your first investment property as a newbie out of towner include suburbs like Euclid, Parma, Garfield Heights, Cleveland Heights, Maple Heights, and Bedford, or possibly certain parts of better neighborhoods in Cleveland proper (Old Brooklyn, and the eastern-most part of North Collinwood). Buying some property in South Broadway/Slavic Village just because the entry price point is low and the price to rent ratio looks tempting will ultimately likely cause you to either lose money, lose sleep, or both.

 

@Jay S. Buy everywhere ( to some degree ) its all about pricing.  I will never by into this A B C D Analogy waste of time. Its  ALL about pricing, and your team. Heck I have props in East Cleveland and right on the boarder, all doing just fine. Again its all about pricing, and your team.. 

BTW, YES buy in Slavic Village, 100%, buy as many as you can. 

Good Luck 

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