Best Cash Flow Neighborhoods in Columbus, OH?

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Best Cash Flow Neighborhoods in Columbus, OH?

Anthony Hayes
Member since 2020 · 3 posts · 6 votes

I’m a first time real estate investor looking to purchase 2-4 unit multi-family properties in C+ to B+ areas that require little to no repairs. I would like to generate a 12%+ cash on cash return. Based on what I’ve read in the Columbus forums, Southern Orchards and Franklinton seem like great places to look but would love to hear other’s opinions. Any perspectives you can provide are much appreciated.

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
5y
Originally posted by @Anthony Hayes:

I’m a first time real estate investor looking to purchase 2-4 unit multi-family properties in C+ to B+ areas that require little to no repairs. I would like to generate a 12%+ cash on cash return. Based on what I’ve read in the Columbus forums, Southern Orchards and Franklinton seem like great places to look but would love to hear other’s opinions. Any perspectives you can provide are much appreciated.

 That should be doable.

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Anthony Hayes:

    I’m a first time real estate investor looking to purchase 2-4 unit multi-family properties in C+ to B+ areas that require little to no repairs. I would like to generate a 12%+ cash on cash return. Based on what I’ve read in the Columbus forums, Southern Orchards and Franklinton seem like great places to look but would love to hear other’s opinions. Any perspectives you can provide are much appreciated.

     That should be doable.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    1Reply
  • Account Closed
    Rental Property Investor · Brooke Park Drive · Member since 2018 · 1k+ posts · 2k+ votes
    5y

    You’d invest in a C area for only 12 coc?

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  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    5y

    @Anthony Hayes If you invest in Whitehall, hilltop, or south linden you will see the best cashflow for your buck, but don't expect a lot of appreciation. Southern Orchards, Franklinton, and the rest of the up and coming areas are very competitive and often get bid up, while rental rates in those areas are great, finding a good deal can pose itself difficult.

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  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y
    Originally posted by @Anthony Hayes:

    I’m a first time real estate investor looking to purchase 2-4 unit multi-family properties in C+ to B+ areas that require little to no repairs. I would like to generate a 12%+ cash on cash return. Based on what I’ve read in the Columbus forums, Southern Orchards and Franklinton seem like great places to look but would love to hear other’s opinions. Any perspectives you can provide are much appreciated.

    Both Southern Orchards and Franklinton are great markets. I would also consider North Linden. 

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