Nancy, Other/Just Looking in Rochester, NY

I found an article Top 10 Cash Flow Property Markets" written Jan 08. It listed Rochester as no 1. is there a 2010 ranking? Where does?

Asked by Nancy, Rochester, NY Sun Jan 2, 2011

Rochester rate

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Inman News released a report highlighting metro areas that are expected to “outshine
many other markets in real estate performance this year.” In its report, Inman News
scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating,
and home affordability is at high levels
Here are the metro areas topping the list, including the third quarter 2011 median sales price and the percentage change in sales price year-over-year.
1. Raleigh-Cary, N.C.
Median sales price: $224,300
Median sales price change
year-over-year: 7.3 percent
2. Wichita, Kan.
Median sales price: $120,900
Median sales price change
year-over-year: 5.5 percent
3. Rochester, N.Y.
Median sales price: $123,400
Median sales price change
year-over-year: 1.4 percent
4. Des Moines-West Des
Moines, Iowa
Median sales price: $157,900
Median sales price change
year-over-year: 0.8 percent
5. Chattanooga, Tenn.-Ga.
Median sales price:
$128,700
Median sales price change
year-over-year: 7.3 percent

Not Bad...


Cathy Barton
Allison James Estates and Homes®

585-586-8850 My Direct Line
cbarton@rochester.rr.com
0 votes Thank Flag Link Wed May 16, 2012
Nancy,

Rochester continues to be a good market for "cash flow." BUT BUYER BE WARNED. (This is what most agents who call themselves INVESTOR BUYERS won't tell you) Most are stating CASH FLOW as Net before Principle, Taxes and Insurance, commonly known as Net before PTI or they give you old numbers based upon the assessed value vs WHAT YOU'LL BE PAYING. You need to determine the total true net for CASH FLOW based upon the NEW TAX AMOUNT and more realistic exp. You will be shocked at what some try to pass off as true cash flow.

If you would like to chat, I have a little package I send out to the dozens of investors that saw the CNN piece and decided they wanted to be landlords. Just drop me a line and I'll send it to you.

My contact info; 585-414-0855 (Eastern Time) Monday - Saturday, 7 a.m. to 9 p.m. Sundays 11 a.m. to 7 p.m.
Tod@MyRochesterAgent.com

Tod. A. Myers is a Lic Real Estate Sales Agent in the state of New York for CENTURY 21 Capital and is owner of the “MyGroup” of websites; MyRochesterRealtor.com /MyRochesterAgent.com, “MyLakefrontHomes.com” and "MyAgent" - the FIRST true iPhone home search application for the Rochester NY MLS. Each CENTURY 21 Office is independently owned and operated.
0 votes Thank Flag Link Tue Jan 11, 2011
I wasn't able to find anything more recent than 08 either. However I did find these two links below that I thought you might find interesting! If you are looking for income property in Rochester I would be glad to send you new listings that match the criteria you are searching for as they hit the market!

Top 100 Places to live, by CNN Money: http://money.cnn.com/magazines/moneymag/bplive/2010/snapshot…

Rochester NY Listings: http://www.RochesterHomeLocator.com

Best Places to Raise Your Family: The Top 100 Affordable Communities in the U.S. By Bert Sperling, Peter Sander:
http://books.google.com/books?id=K1QFipRlng4C&pg=PA319&a…

View Rochester New York listings: http://www.RochesterHomeLocator.com

-Sal Salafia/ The Salafia SOLD Team at RE/MAX Plus
585-279-8217
http://www.RochesterHomeLocator.com
0 votes Thank Flag Link Sun Jan 2, 2011
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