All Forum Posts by: Nate Richards

Well,... You are probably not aware that over 60% of the city population rents. This means that every neighborhood has a significant amount of renters and it's why  investors I know select 3br sfr's (less turnover with families 3+). They follow the 60k "all in" and rent @ $1000-1150 strategy. I'd look at retail listings and you'll find it's all in the $90-125k range regardless of sub-division. The visible "pride of ownership" factor varies by block. If I were going to look for a negative it would be areas that have slab foundations, or blocks of multi units. I would avoid the multis only because you can get tenants willing to handle all property maintenance in this area unlike in the multis.

Alternatively, I'm "all in" @ $35k and rent for $750-850. Including all maintenance in an adjoining community. 

Best off luck! Feel free to reach out anytime. 

Hi Ryan,

I would say there isn't a bad part of the falls really.  But the 2 areas i would shy away from are those few properties south east of 2nd St (directly across from the gorge). And east of Rt 8 on portage st. They are slightly harder to rent fire some reason, but still pull good market rate money. I do north hill area, while my neighbors have 60 units throughout Cuyahoga falls. We basically focus on 3br or larger. they get about $150/ unit more than me on average so the area is solid. 

I'm local but just beginning to invest. You are right, the potential high turn over has pushed me to consider $50-70k properties. If I had some experience I wouldn't be so hesitant. Those places typically seem to rent for $350-425 per unit depending on the type of property and location though. Most lenders here require a minimum property value of $25k to lend against as well.  25% down.  If you do all cash I don't know that I would worry about the turns though.