Doorvest Expands Within Ohio to Cincinnati
Cincinnati, Ohio, is ranked #10 for the most affordable city in the United States, so needless to say, we’re excited to announce our expansion within Ohio, from Columbus to Cincinnati!
Nestled along the Ohio River, this city is the third-largest city in Ohio. It features highly rated parks, great accessibility to nature, three professional sports teams, a thriving food and arts scene, a world-class zoo, and a booming job market — making it an ideal market to invest in.
Here’s Why We Love Cincinnati :
Cincinnati is ranked #1 best place to live in OH and #22 as the cheapest place to live, offering affordable rentals.
According to Macrotrends.net, Cincinnati's population has historically had steady growth. The latest YoY population growth from 2021 to 2022 was an increase of .57%, putting the population at 1,764,000.
Cincinnati received a $20 million grant for transportation projects throughout the city, showing investment in making Cincinnati a safer place for its residents.
The byproduct of this project is also an influx of new jobs for the community in addition to the 7 Fortune 500 companies that call Cincinnati home: Kroger, Procter and Gamble, Macy's, Fifth Third Bank, American Financial, Western and Southern, and Cintas.
The ratio between homes rented and owned is: 59% homes rented, and 41% homes owned. A good mix of homeowners and renters makes Cincinnati a stable place to own investment properties while ensuring a buyers market for homes.
Over the last year, the market has seen rent grow by 13% for 3-bedroom homes with avg rents at roughly $1,600, according to Zumper.
When you invest in a single-family rental home through Doorvest:
Save time and headaches. On average, it takes about 4-6 months to conduct market research, identify a home, vet contractors, run the numbers, renovate and oversee the project. With Doorvest, a typical Doorvestor (customer) can expect to become a homeowner between 45 days to 3 months without having to deal with the nuances.
Save cash! In a typical process, you will have to cough up your money to pay for renovations and updates you make on the home. With Doorvest, the cost of renovations is baked into the selling price. Each Doorvestor only has to come up with a minimum downpayment.
Fair and transparent pricing. In traditional real estate, bidding wars can be incredibly frustrating for everyone involved, especially when there is a record of home inventory and many are eager to buy, sending prices to record high. Doorvest mitigates this murkiness by letting you know the price upfront.
Homes are exclusive! You will not be able to find our homes anywhere else like Zillow or Redfin. We are selling exclusively to our list of Deposit Holders vs on the open market.
First-Year Guarantees. For the first year with Doorvest, we guarantee you will not incur significant expenses, and if a resident is not placed when you close a home, we will ensure you get your rental income as expected. (Terms and Conditions apply).