In Cleveland, I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.

Look into neighborhoods like Jefferson, West Boulevard, Cudell, Clark Fulton, Brooklyn Center, Old Brooklyn, and Garfield Heights.I suggest working with an investor friendly agent so you can get the right guidance!

Thats northeast and northwest of Columbus - directly west past West Jefferson and London is declining rapidly.

When asked what are we, Thomas Jefferson said, " An Empire of Liberty."

Property NameFrog Town LLC Unit Description# of UnitsSquare FeetStablizedYear 2Year 3323 N Jefferson 3BR 2BA11300$1,255$1,350$1,400325 N Jefferson 1,2 duplex 2BR 2BA each 21600$1,745$1,755$1,800329 N Jefferson 2BR 1BA1750$915$950$1,050336 338 N Washington 2BR 2BA, 5BR 2BA21800$1,895$1,950$2,000348 N Washington - 4BR 2BA11350$1,395$1,395$1,450New build Description# of UnitsSquare FeetStablizedYear 2Year 3331 N Jefferson 1500 sqft 3BR 2.5 BA House11500$1,500$1,550$1,600.00Wash Rown Houses corner 4BR 3.5 BA - 1800 SQFT23600$3,700$3,800$3,900.00Wash Row Houses 3BR 4.5 BA - 1200 SQFT22400$3,100$3,200$3,300.00Wash Center 4BR 3BA - 1400 SQFT11400$1,700$1,750$1,800.00Washington duplex 5BR 4BA - 1600 SQFT 23500$2,000$2,100$2,200.00Jefferson Row houses 3BR 3.5BA - 1300 SQFT67800$9,600$10,200$10,800.00Totals2127000$28,805$30,000$31,300Income SummaryStablizedYear 2Year 3Gross Annual Income$345,660$360,000$375,600Less % Vacancy2.00%2.00%2.00%Less $ Vacancy$6,913$7,200$7,512Effective Rental Income$338,747$352,800$368,088Effective Gross Income (EGI)$338,747$352,800$368,088Expense SummaryPer UnitStablizedYear 2Year 3Real Estate Taxes7.22%$1,165$24,455$24,944$25,443Insurance0.96%$155$3,250$3,315$3,381Maintenance/Repairs1.18%$190$4,000$4,080$4,162Property Management10.00%$1,646$34,566$36,000$37,560Advertising0.15%$24$500$510$520Trash0.03%$5$100$102$104Water/Sewer0.03%$5$100$102$104Gas/Electric0.03%$5$100$102$104Professional Services0.15%$35$500$510$520Annual % Expense Increase2.00%Total Expenses$67,571$69,665$71,89819.95%19.75%19.53%Proposed Financing Terms and LoanPurchase Price$1,400,000Improvements$1,750,000Purchase Price plus improvements$3,150,000Property Tax on New Value$24,455Down Payment$787,500Loan Amount$2,362,500Loan to Value Ratio75%Amortization25YearsInterest Rate4.50%Monthly Payment-$13,132Pricipal and InterestEscrowsProperty Tax and InsuranceTerm25 year Loan FeeOne percent plus costsSummaryStablizedYear 2Year 3Net Operating Income (NOI)$271,176$283,135$296,190Debt Service-$157,579-$157,579-$157,579Before Tax Cash Flow (annual)$113,597$125,556$138,611Gross Rent Multiplier9.2998.9298.558Cap Rate8.61%8.99%9.40%Cash on Cash Return14.43%15.94%17.60%Price Per unit$150,000$150,000$150,000Stablized Cap Rate8%7.50%7.50%New Value$3,615,677$3,775,132$3,949,194Sale Cost2%-$78,984Cash FlowDown-$787,500Year 1$113,597Year 2$125,556Year 3$138,611Sale Net Proceeds$1,507,710.41IRR28.3%

Some in Huntsville (now we're priced out up there) now looking to get into the Birmingham market. does anyone here have any HCV/section 8 experience in the Birmingham/Jefferson county area?

@Joe AulettaIf you are looking in Cleveland I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

@Cole JenningsIf you are looking in Cleveland, I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

@Evan DiLeonardi pretty sure Cost Seg Kev is born and raised in Jefferson Park or nearby Portage so that is a sign. lol.