Neighborhoods for Rental properties in Cincinnati Oh

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Neighborhoods for Rental properties in Cincinnati Oh

Itay Itschakyan
Investor · Member since 2020 · 10 posts · 12 votes

Hey

I'm an Israeli investor and also raise money from clients.

I have an exprience in rental properties in Milwuakee and for the last 5 years i used to work in Barcelona, spain.

I want to expand my portfolio and looking for a new market.

 Cincinnati Oh got my attention, so I was wondering which neighborhoods are fit for me.

I look for ROI of 8% and don't want to buy in a high crime rate area.

What do you think are my best options?

If you are a local investor I would be happy to hear from you, maybe we can work together.


Thanks

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Timur Salikov
Cincinnati, OH · Member since 2016 · 116 posts · 83 votes
5y

Just moved back to Cincinnati to rehab a 3 unit. I would say everything in Cincinnati is growing in value at a high rate. The more you get into the suburbs, the less growth appreciation so I would stay in the city. If it was me, I would look at the hip areas where the youth is moving to, they have the highest rate of growth. With that comes a lot of crime reduction, but not totally crime free. Nothing bad, just some car break in type of stuff. Here are the areas I would pick:

1. Incline District of Price Hill
2. Northside (the closer to Northside Tavern the better)
3. Oakley (nice area but might already be too expensive) 
4. The West End near the new soccer stadium
5. South Fairmount (used to be the worst area but the city just spent 1 billion on the park river revitalization)
6. Clifton (great area, might be too pricy now)
7. West Price Hill (used to be a bad area but now being rediscovered, lot of potential for growth)
8. St Bernard
9. Norwood (parts are sketchy but has good streets, close to Hyde Park)
10. Northern Kentucky, Bellevue, Newport, Covington, Ludlow 

This list should get you started, I can think of a couple more areas that are kinda rough now but have huge potential for gentrification. 

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  • Sandra Morrison
    Investor · Cincinnati/Fort Thomas, KY · Member since 2015 · 207 posts · 183 votes
    5y

    @Itay Itschakyan You can use the crime map on Trulia but it is a relative thing just like traffic. Effective has a different tolerance or definition. For instance, my sister lives in Detroit and she thinks our news stories are so “quaint” here. “We have buildings on fire in Detroit, I am sure, but they never make the news.”

    The market is hot everywhere and deals are harder to find so be patient.

    3Reply
  • Itay Itschakyan
    OP
    Investor · Member since 2020 · 10 posts · 12 votes
    5y

    Thanks for the info

    0Reply
  • Joshua Baldovino
    Rental Property Investor · San Jose, CA · Member since 2020 · 15 posts · 15 votes
    5y

    Following along this thread too. I've heard from other investors, if you're looking for lower crime. Google map where the WholeFoods grocery stores are in the area and you can target around those business locations. 

    Looks like Hyde Park and Kenwood may fit that bill. 

    3Reply
  • Timur Salikov
    Cincinnati, OH · Member since 2016 · 116 posts · 83 votes
    5y

    Just moved back to Cincinnati to rehab a 3 unit. I would say everything in Cincinnati is growing in value at a high rate. The more you get into the suburbs, the less growth appreciation so I would stay in the city. If it was me, I would look at the hip areas where the youth is moving to, they have the highest rate of growth. With that comes a lot of crime reduction, but not totally crime free. Nothing bad, just some car break in type of stuff. Here are the areas I would pick:

    1. Incline District of Price Hill
    2. Northside (the closer to Northside Tavern the better)
    3. Oakley (nice area but might already be too expensive) 
    4. The West End near the new soccer stadium
    5. South Fairmount (used to be the worst area but the city just spent 1 billion on the park river revitalization)
    6. Clifton (great area, might be too pricy now)
    7. West Price Hill (used to be a bad area but now being rediscovered, lot of potential for growth)
    8. St Bernard
    9. Norwood (parts are sketchy but has good streets, close to Hyde Park)
    10. Northern Kentucky, Bellevue, Newport, Covington, Ludlow 

    This list should get you started, I can think of a couple more areas that are kinda rough now but have huge potential for gentrification. 

    7Reply
  • Jordan FioreBusiness Member
    Real Estate Agent · Cincinnati, OH · Member since 2020 · 179 posts · 146 votes
    5y
    Originally posted by @Timur Salikov:

    Just moved back to Cincinnati to rehab a 3 unit. I would say everything in Cincinnati is growing in value at a high rate. The more you get into the suburbs, the less growth appreciation so I would stay in the city. If it was me, I would look at the hip areas where the youth is moving to, they have the highest rate of growth. With that comes a lot of crime reduction, but not totally crime free. Nothing bad, just some car break in type of stuff. Here are the areas I would pick:

    1. Incline District of Price Hill
    2. Northside (the closer to Northside Tavern the better)
    3. Oakley (nice area but might already be too expensive) 
    4. The West End near the new soccer stadium
    5. South Fairmount (used to be the worst area but the city just spent 1 billion on the park river revitalization)
    6. Clifton (great area, might be too pricy now)
    7. West Price Hill (used to be a bad area but now being rediscovered, lot of potential for growth)
    8. St Bernard
    9. Norwood (parts are sketchy but has good streets, close to Hyde Park)
    10. Northern Kentucky, Bellevue, Newport, Covington, Ludlow 

    This list should get you started, I can think of a couple more areas that are kinda rough now but have huge potential for gentrification. 

     Fantastic list! I would also add the Evanston and Avondale areas. 

    [email protected]513-646-1038
    Jordan Fiore, Realtor - eXp Realty566 Reviews
    WebsiteView Page
    1Reply
  • Harry Frazier
    Wholesaler · 41074 · Member since 2021 · 9 posts · 7 votes
    5y

    @Itay Itschakyan I live in the area and I would say the Northern Kentucky market would be a better fit. I've seen values increase over 20% in the past year.

    1Reply
  • Sitaram Koppaka
    Columbus, OH · Member since 2017 · 48 posts · 43 votes
    5y

    All great replies, I am Columbus investor. I started recently focusing in Cincy. I am exploring these areas but what would be a B vs  C areas of all these. I typically invest in B/C since D is (high return but too risky) and A is low return. I would include North Avondale too. How about Delhi, Delshire, Westwood?

    1Reply
  • Evan P Stegman
    Real Estate Agent · Member since 2020 · 19 posts · 12 votes
    5y

    @Itay Itschakyan

    In my opinion if you are looking for lower crime rate you want to be on the east side of the city. I’ve lived here for around 18 years. Areas that are really great to invest in are. (In no specific order)

    1. Hyde Park and Oakley (if you can find a deal that makes sense).

    2. Mt. Lookout /Columbia Tusculum/East End

    2. Just went under contract with my first deal in East Walnut Hills, lots of growth happening close to city and hospitals.

    3. Evanston

    4. Madisonville (this is surrounded by all really nice areas and a bunch of rehabs are happening around here.

    5. Mt. Adam’s

    7. Covington Kentucky and Mainstrasse

    6. Over the Rhine, has taken a Complete U turn but still has pockets of really high crime rates. But has a

    By far been the most gentrified portion of the city, and a ton of room for improvement.

    7. Dayton Kentucky, Bellview

    3Reply
  • Tanvir Sattar
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 380 posts · 588 votes
    5y

    @Evan P Stegman I'd also add the neighborhood between OTR and Clifton - Mt. Auburn. 

    1Reply
  • Joseph Cornwell
    Real Estate Agent · Cincinnati, OH · Member since 2015 · 474 posts · 580 votes
    5y

    @Itay Itschakyan

    Apparently I missed this post, but it just popped back up! 

    Some of my favorite neighborhoods to buy in are Deer Park, Silverton, Norwood, Mt. Washington, (clifton or evanston for student rentals). I also love most of Clermont County (just east of Cincinnati) because the taxes and water cost are significantly lower but rents are similar in pricing, so you can typically make deals work a little bit easier, however there is less inventory than Hamilton County. 

    Cincinnati overall has improved drastically over the past 5 years with most neighborhood seeing a ton of capital improvements, even areas that were once high crime have become much nicer, there are really only a few spots I would completely stay away from personally. I hope you have found some success here in Cincy! 

    1Reply
  • Tanvir Sattar
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 380 posts · 588 votes
    5y

    @Joseph Cornwell Where would you stay away from? 

    0Reply
  • Sitaram Koppaka
    Columbus, OH · Member since 2017 · 48 posts · 43 votes
    4y

    A quick question for all of you, How is investing in Sayler park in Cincinnati? Any inputs are appreciated.

    0Reply
  • Joseph Cornwell
    Real Estate Agent · Cincinnati, OH · Member since 2015 · 474 posts · 580 votes
    4y

    @Tanvir Sattar Sorry, I missed this question when you posted it. I personally live in Milford and self manage my portfolio, so personally I aim for East of I-75 in Hamilton County, or anywhere in Clermont county. That is as much based on neighborhood preference as it is distance from me. However, when advising my clients I try to get a feel for their comfort levels based on crime rates, neighborhoods, median income levels, etc. Fairmount has been historically one I would stay away from, but the city is investing into the area so perhaps it will improve overtime? Lincoln heights has been another one. Anytime a municipality is so corrupt the state government shuts down the village government and police department entirely it raises concerns for me :)

    1Reply
  • Tanvir Sattar
    Rental Property Investor · Cincinnati, OH · Member since 2020 · 380 posts · 588 votes
    4y

    @Joseph Cornwell That makes sense, thank you for the information. 

    0Reply
  • Andrew Cheek
    Rental Property Investor · Cincinnati OH · Member since 2018 · 39 posts · 31 votes
    4y

    @Sitaram Koppaka Saylor Park is near Delhi and "deep westside". I have a realtor that has a few larger multi units out there. The area is a lot of older buildings B/C class. But like much of the westside, great cash flow as opposed to the more pricey east side. No hate I'm just a Westsider myself! I don't personally know the rent/own percentages for that zipcode a Realtor could pull that for you. Definitely worth a look depending on your goals. 

    1Reply
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