Hi BP -
I'm new to investing in KS and was wondering if 66112 is a good area to invest for a long term buy and hold. It seems to be outside the inner city but I'm still concerned about crime and tenant quality.
It's a spotty area. If you're careful you can land a real home run. I lived in that ZIP for 17 years. Kept our house there as a rental when we moved in 2016 and just sold it due to some family issues. Hit me up and we can discuss further.
@Rich Lopes - No, I did not end up buying there. Too concerned about the location issues. It's better the further west you go.
Thanks @Ryan Fox . By further west you mean towards 435 or even further?
@Rich Lopes - Honestly, I'm not incredibly familiar with the area, but Jim Viens suggested looking west of 78th street, and the properties I've looked at in the area seem to corroborate that.
@Rich Lopes - It's tough for me sometimes to differentiate narrow differences between, say, a "C" and "C-" area as many investors have their own subtleties in how they grade these. I would say it's a "C" area for sure and would personally rate it at more of a "C+". Values are ranging between $175,000 & $200,000. Median income in the area is around $55,000/yr. Less than a mile to an elementary school, a middle school, a high school, and the Community College. Definitely a solid area.
Thanks @Jim Viens ! Really appreciate your feedback. Are you still investing in that part of town?
I had to step away from my business for a while due to a major family illness but I still keep my finger on the pulse of the areas near me so I'll be ready when I get back in.