Carole Cohen, Realtor®

I applaud your entreprenuerial spirit, Joe. I also agree with Shaunna, it's very hard to predict. Obviously, ten years down the road is more optimal than five, if you are looking for more assurance about appreciation. The key will be the price at which you purchase it. Do you have the ability or wherewithall (cash) to fix a place up? South Hills is one of the areas in Cleveland that experienced higher sales prices over the past five years and is, in my opinion, one of Cleveland's hidden treasures as far as neighborhoods go.
I just checked the computer listings; there is a home on Gino listed for less than $100k; same with a house on Judie and one on Century. These purchase prices would allow you to rent at a reasonable rate and keep tenants - it made me feel comfortable saying that yes, since this is a neighborhood people love to live in, you could do what you are suggesting and at a reasonable price.

Good luck with your search! - Thu Jun 12 2008, 13:03