Robert Quinn Keller Williams Greater Cleveland Southwest
Counties: Cuyahoga, Medina, Lorrain, Lake, Summit
Cities and Towns: Cleveland, Parma, Parma Heights, Brook Bark, Berea, Elyria, Lorrain, Akron, Strongsville, Brunswick, Medina, North Royalton, Bedford, Shaker Heights, Garfield Heights, Euclid
Licensed Since: 2014 | OH License # 2014001510
About Robert Quinn
I was originally licensed for my own real estate investing purposes. After helping fellow investors and normal residential buyers and sellers, I decided to leave corporate America and become a full-time agent. I'm a firm believer in building generational wealth through real estate investing. I personally own, buy and hold rental properties that I also manage myself. I have experience with flipping homes, as well. My sales business is being built on truth and honesty. I am not going to sugar coat area and property conditions to out-of-state investors. I am the "boots on the ground" you want to work with. I self manage my personal 3 SFR's and 12 SFR family-owned portfolio.
Cleveland and the surrounding areas have been popular investment areas for out-of-state investors for the last 10 years. The most attractive aspect is CASH FLOW. Purchase to rate ratios can vary from 1-3%. Downtown Cleveland has been revitalized and redeveloped, which has created a high demand to live downtown. Most of the surrounding cities provide excellent opportunity to invest in single-family and multi-family properties. The tenant pool has remained consistent, and I've never found it challenging to fill a single-family property or apartment with a solid tenant.
Investment Price Points
In C Class neighborhoods, you can expect a price point of $50,000-70,000 and rents of $600-800, depending on the number of bedrooms and bathrooms. In B Class neighborhoods, you can expect price points of $65,000-95,000 and rents of %800-1,100. Most houses are ranch or bungalow styles, ranging from early 1900s to 1970s. Some split levels and colonials will be there, as well. C and B areas also have plenty of multi-family properties, ranging from 2-4 units. Prices will vary on the number of bedrooms and bathrooms per unit, and you can expect similar, and in most cases, better returns than single-family properties.
Free Report: Demographic and Housing Data on the Cleveland Market
Would you like free demographic and housing data on the Cleveland market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Cleveland market is right for you! Click here to get your free report.