Single Family Homes Investment - Columbus,OH

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Single Family Homes Investment - Columbus,OH

Harneet Miglani
Member since 2021 · 1 post · 4 votes

I am an out of state investor looking to invest in/around Columbus, OH area. Targeting single family homes with the price point of upto 400k. I am okay with break even cash flow. Which areas to target for potential appreciation/good rental demand?

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
2y
Quote from @Harneet Miglani:

I am an out of state investor looking to invest in/around Columbus, OH area. Targeting single family homes with the price point of upto 400k. I am okay with break even cash flow. Which areas to target for potential appreciation/good rental demand?


 North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

[email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    2y

    You will get replies during the weekdays when the service providers are online working the forums for business.

    0Reply
  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    2y

    @Harneet Miglani
    If you are looking in Columbus I recommend areas like Hilltop, Linden, Eastmoor/ Whitehall, and Franklinton. These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable. Out of these areas, Franklinton and Linden are seeing some of the most developments. With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood. Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed. Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way. As well as coffee shops like Bottoms Up Coffee are moving in and small microbreweries like brew dog and land grant.


    [email protected]614-412-4565
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  • Anthony L Amos Jr
    Real Estate Agent · Columbus | Toledo · Member since 2019 · 608 posts · 768 votes
    2y
    Quote from @Harneet Miglani:

    I am an out of state investor looking to invest in/around Columbus, OH area. Targeting single family homes with the price point of upto 400k. I am okay with break even cash flow. Which areas to target for potential appreciation/good rental demand?


     A few good areas to target are North Linden, East Linden, Whitehall, Pataskala, Grove City, Franklinton, and Westerville. 

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    2y
    Quote from @Harneet Miglani:

    I am an out of state investor looking to invest in/around Columbus, OH area. Targeting single family homes with the price point of upto 400k. I am okay with break even cash flow. Which areas to target for potential appreciation/good rental demand?


     North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    3Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2y
    Quote from @Harneet Miglani:

    I am an out of state investor looking to invest in/around Columbus, OH area. Targeting single family homes with the price point of upto 400k. I am okay with break even cash flow. Which areas to target for potential appreciation/good rental demand?

    Hey Harneet, I like buying rental properties in the Linden and Hilltop area! There's great pockets throughout these neighborhoods that I really like. A lot of newer investors don't realize Columbus is very pocket to pocket. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!
    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
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    0Reply
  • Simon Ashbaugh
    Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
    2y

    Hey Harneet, welcome to BiggerPockets! Columbus is looking up whether you're into A, B, or C areas, there's no bad spot to consider. Here's a quick rundown of some areas you might find interesting:

    High Rental Demand:

    1. Franklinton and Weinland Park: These urban neighborhoods are booming with investments and people. Rentals are sought after.
    2. Clintonville: A lively neighborhood near Ohio State University, it's great for rentals. You might find budget-friendly options like smaller homes or duplexes.
    3. South Linden: Under revitalization, this area is catching the eye of young professionals. Rentals are promising.

    Hybrid Potential:

    1. Grove City: A growing suburb with a mix of affordability, demand, and potential appreciation.
    2. Westerville: A well-established suburb with good schools and job opportunities. Rentals are steady, and there's decent potential for appreciation.
    3. Reynoldsburg: This suburban community has a mix of housing, good schools, and a growing population. Rental demand and appreciation potential are both moderate.

    In a nutshell, Columbus is on the up and each area has something good to offer. Hope this helps!

    2Reply
  • Jayson Cain
    Lender · Manhattan Beach, CA · Member since 2017 · 423 posts · 268 votes
    2y

    Hi @Harneet Miglani,

    I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

    I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    2y
    Quote from @Mike Dymski:

    You will get replies during the weekdays when the service providers are online working the forums for business.


     You think all the reaf dudes fight each other in the office for the right to work the BP leads?

    0Reply
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