Zip codes 32807, 32811 to buy rental property -- good idea? (Orlando: low income, section 8)

[stars99]

I went to look at (cheap) houses in 32807 near Semoran & Curry Ford Road, and 32811 near intersection of McLeod & Bruton. 32807 seemed like a dumpy neighborhood, but I didn't feel unsafe there. 32811 I couldn't tell whether it was passable, or bad. Also I was wondering about Poinciana.
Both areas were better than the places I looked at near Silver Star.

This will be to rent to low income tenants, so I will not be the one living there. But I will probably need to visit there at night from time to time so it can't be incredibly dangerous either.

Thanks.

[Wilshire81182]

These two areas are not that great, 32807 is better than 32811 crime wise.
If you are looking for more affordable areas, you may want to look at 32812, 32792, 32701, and 32707.

[stars99]

Thanks. I'm going to investigate 32807 (and those others you mentioned) further, and probably forget about 32811. I've looked up in Sanford too--that would work, I guess, but I would prefer to stay more towards Orlando.

The weird thing about 32807 is that there were two newer, larger (and very nice) houses mixed in with all the junkers. Maybe someone was speculating on that neighborhood and it didn't work out? That's part of what led me to believe the neighborhood would be tolerable. Also, there wasn't broken glass and trash on the road like over near Silver Star.

[Wilshire81182]

Don't live on Silver Star! In fact the zip codes to avoid for sure are 32805, 32811, 32808, 32839.
32807 is not that bad crime wise, but it is dumpy. Semoran is a highly trafficked area and there are people roaming around at all hours of night in that area almost looking for trouble, drugs, etc.

[stars99]

Oh, I won't be the one living there, it would be for a tenant.
I agree that Silver Star is probably too marginal even for a rental house thought.

Originally Posted by Wilshire81182

Don't live on Silver Star! In fact the zip codes to avoid for sure are 32805, 32811, 32808, 32839.
32807 is not that bad crime wise, but it is dumpy. Semoran is a highly trafficked area and there are people roaming around at all hours of night in that area almost looking for trouble, drugs, etc.

[Wilshire81182]

Originally Posted by OrlandoRE_Miracle

Oh, I won't be the one living there, it would be for a tenant.
I agree that Silver Star is probably too marginal even for a rental house thought.

Sorry you did put that in your original post. It may seem crazy but the only area I will not go to at night is Pine Hills or Parramore. So these other areas should be just fine.

[stars99]

I've never been to Parramore, everyone says it's terrible. Pine Hills I already drove through and ruled out. I'm sure I could rent to section 8 tenants easily there but it's not worth it. My personal impression of Azalea Park was that you might get mugged there if you're unlucky, and should put in security measures if the house is going to be vacant for a few weeks for renovations, but nothing worse than that, unless they turn your rental into a drug house--but that would mean you probably didn't screent them carefully and keep up with what's going on there.

Originally Posted by Wilshire81182

Sorry you did put that in your original post. It may seem crazy but the only area I will not go to at night is Pine Hills or Parramore. So these other areas should be just fine.

[Wilshire81182]

I feel the same way. It is dumpy but not bad. I actually have friends who live within that area, between Semoran and Gaston Foster in a little house north of Curry Ford. It is kind of more Dover than Azalea Park, but their home is concrete block like the surrounding homes. They feel pretty safe there because there are a lot of older people who have lived there for years that watch the homes during the day while the younger people in the neighborhood are at work. I visit them often and never really feel unsafe in that area. I forgot about that until know though, lol!

[tworent]

I have 10 houses in 32811 good bang for the buck half are sec 8 there are good places and not so good. When you say cheap what’s your definition I just bought a 3/2 1 car for 29k that was rent ready already rented for 900. Why would you need to go there at night

[stars99]

Thanks tworent, that sounds like amazing cash flow. That is what I'm looking for--the ones I was looking at were in the 40K to 65K range (in 32807 and 32811)--they were advertised by a wholesaler a couple of months ago, I was just seeing what's out there.

Well, as for going there at night, I guess there's no need to--I was thinking if there was an emergency, like the tenant flooded the house by accident. I would NOT go there at night to collect rents, definitely.

Originally Posted by tworent

I have 10 houses in 32811 good bang for the buck half are sec 8 there are good places and not so good. When you say cheap what’s your definition I just bought a 3/2 1 car for 29k that was rent ready already rented for 900. Why would you need to go there at night