renovating homes in opportunity zones. The city had some new life as the economy began growing with several Fortune 500 companies, three sports teams and a couple uni- versities. Jobs were being created, more people started moving into the area and the city began to revitalize the downtown. With new restaurants, stores, parks, hotels, a casino and sports tourism, Cincinnati’s down- town is now bustling with excitement. Last year I wrote an article about Cincinnati’s real estate market and mentioned reasons like the econo- my, job growth, house appreciation and cash flow as why Cincinnati should be on your radar to invest in.
I want to follow that article with a market update and some key indi- cators that Cincy is a powder keg for real estate investing. 1. CASH FLOW. The Queen City boasts the coun- try’s 6th largest annual increase in rent prices.As an investor this is huge. We have all heard investment gurus say at least once the phrase. “ Cash flow is King.” The truth though is cash flow is King! Cash Flow is used to pay down mortgages on rental properties, provides residu- al income and provides security as a circuit breaker during econom-
ic downturns. Look for markets to invest in that not only cash flows well but has a large enough demand to increase rents on an annual basis.
2. APPRECIATION. So many investors get caught up on Appreciation. Every investor has their own methods or models by which they invest. I often tell inves- tors to invest with cash flow in mind and allow Appreciation to be an added bonus. Cincinnati has seen properties appreciate at nearly 20% this year. According to the Cincinnati Board of Realtors, the median sold price for homes is $235,000. This is up
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