What's Available Wednesday? A Dayton Fourplex!What’s better than a turnkey in our latest new market? And even better than a triplex?? It’s a fourplex! Just like this Dayton property we’ve found.

Dayton, Ohio is the 7th lowest cost of living in the U.S., it has high rental demand with over 55% renters, a diversified economy with multiple job sectors, and more! It’s the perfect chance to start investing or add to your portfolio.

Ready to get in on the cash flow with these turnkey properties? Check it out, and if you’re interested in buying this or a property like it, just contact Melissa at melissa@hipsterinvestments.com. But hurry… because these multiplexes go fast!

Location: Dayton, Ohio.

Built In: 1945 (fully renovated)

Purchase price: $164,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)

Property info: 4 bedrooms, 4 bathrooms, 3762 square feet, 2 story, 3 car parking

Income

Monthly rent collected: $1,875

Expenses

Monthly expenses

Property taxes: $298

Insurance: $58

Property management fees: $150

Monthly expenses (conservatively estimated)

Utilities: $125

Lawn/Trash: $60

Vacancy (7%): $131

Repairs (5%): $94

Total Monthly Expenses- $916

Net Income = Income – Expenses = $959

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 7.02%

Cash-on-cash return =

Depends on your leveraging.

Special Terms:

  • 90 Day Seller Warranty

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com. Take the plunge: you won’t regret it!

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

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