We’re back with another turnkey rental property from Dayton, Ohio! With the 7th lowest cost of living in the U.S., 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? Today we have a single family home with an (conservatively) estimated $490 per month in your pocket! Check it out, and if you’re interested in buying this or a property like it, just contact Melissa at firstname.lastname@example.org.
Location: Dayton, Ohio.
Built In: 1925 (fully renovated)
Purchase price: $89,000 (not a foreclosure, normal sale and with tenants in place as condition of closing!)
Property info: 2 bedrooms, 1 bathroom, 1152 square feet, 2 story
Monthly rent collected: $850
Property taxes: $157
Property management fees: $68
Monthly expenses (conservatively estimated)
Vacancy (7%): $60
Repairs (5%): $43
Total Monthly Expenses- $360
Net Income = Income – Expenses = $490
Cap Rate =
annual net income (non-inclusive of mortgage payment) / purchase price = 6.61%
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!