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 firstname.lastname@example.org. 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
Monthly rent collected: $1,875
Property taxes: $298
Property management fees: $150
Monthly expenses (conservatively estimated)
Vacancy (7%): $131
Repairs (5%): $94
Total Monthly Expenses- $916
Net Income = Income – Expenses = $959
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 7.02%
Cash-on-cash return =
Depends on your leveraging.
- 90 Day Seller Warranty
If you are interested in this property or seeing others like it, contact Melissa at email@example.com. Take the plunge: you won’t regret it!