Why Cleveland?
Over the past decade, Cleveland has been on a stunning resurgence, being named “America’s Hottest City” by Forbes, “Top 3 Hottest Housing Markets” by Zillow, “Top 15 U.S. Cities for College Grads” by SmartAssets and “Top 20 Places in the WORLD” to Visit by National Geographic! Long-time home of the Rock & Roll Hall of Fame, Cleveland has also become a choice filming destination for blockbuster movies like “The Avengers” and “Captain America: Winter Soldier”. And, while the city is abuzz with revitalization projects and a burgeoning food and arts scene, the cost of living is 9% below the national average and the cost of housing remains a full 19% below the national average (source: RentCafe). This year it remains one of the most investor-advantaged real estate markets in the U.S..
Property Highlights
- Fully-Renovated Single Family Homes
- Tenants and Local Property Management in Place at Closing
- 6.5% Average Cap Rate
- $175,000 Average Purchase Price
- Majority Owner-Occupied Communities
Market Highlights
- Home Prices Appreciated over 60% in the Last 5 Years
- Cost of Living is 9% Below the National Average
- Cost of Housing is 19% Below the National Average
- Ranked Top 3 Hottest Real Estate Markets by Zillow
- Ranked Top 20 Places in the WORLD to Visit by NatGeo