Cleveland has some good and bad places to purchase real estate, but if you know the good areas it can pay off big! Purchasing homes for clients in west Cleveland for the last few years has really paid off in both income and value. Below is a chart that was created by the MLS that shows a $11,000 a year average on equity growth since 2014.
We also purchase a lot of homes in the Parma area and it has shown great equity growth since 2014. See the chart below in 2014 Homes were selling for around $80,000 and in 2019 they are selling for $140,000. Basically a $12,000 growth in equity over the last 5 years. The chart is below.
Bedford Ohio is another great option. In 2014 the average was around $50,000. Fast forward to 2019 and the average price is $115,000. That is a $13,000 a year average on equity growth. The chart is below.
We have started buying in Berea and the trend is good there also. In 2014 they were at around $100,000 and today Berea has an average price of $170,000. That is a $14,000 a year growth in equity. See the chart below
Let's do one more area that we purchase real estate in Lyndhusrt Average price in 2014 was right around $100,000 and in 2019 the average price is about $170,000. That is a $14,000 a year average on equity growth.
This is the type of real estate that we purchase for our clients. Great income, and very important great equity growth. This is a total picture of wealth creation, a lot of investors do not look at the equity part and it is very crucial to your success.
Need Income real estate call me I'm Brett Icon Agent at EXP Realty 216-703-5740....Need to sale your home check out our Full Service Flat Fee Listing that works and gets your home SOLD! Here is the website http://soldyourhomefast.com/.
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