Hey everyone — I’ve been digging deeper into some smaller Midwest markets lately (mainly around Cleveland/Lorain) and wanted to get some opinions on a deal I’m analyzing.

Here’s the breakdown:

• 📍 Lorain, OH

• 🏠 SFH | 4 bed / 1 bath

• 💰 Purchase Price: ~$100K

• 📈 Estimated ARV: ~$150K

• 🧱 Condition: Turnkey (tenant about to move in)

• 💵 Rent Range: ~$1,100–$1,400/mo

From what I’m seeing, this seems like a pretty solid entry point for a rental with some built-in equity.

A few things I’m thinking through:

• Cash flow looks decent depending on financing, but not crazy high

• Appreciation upside seems strong in pockets of Lorain near Cleveland

• Lower price point makes it easier to scale vs larger markets

Questions for the group:

1. Would you prioritize cash flow or appreciation on a deal like this?

2. What expense ratio would you underwrite here (I’m modeling ~40%)?

3. Would you hold long-term or look to BRRRR/refi out quickly?

I’ve been coming across a handful of similar deals in this area lately, so I’m trying to dial in my buy box.

If anyone is actively investing in this market, would love to connect and compare notes 👍