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 melissa@hipsterinvestments.com.

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

Income

Monthly rent collected: $850

Expenses

Monthly expenses

Property taxes: $157

Insurance: $33

Property management fees: $68

Monthly expenses (conservatively estimated)

Vacancy (7%): $60

Repairs (5%): $43

Total Monthly Expenses- $360

Net Income = Income – Expenses = $490

Advanced Numbers

Cap Rate =

annual net income (non-inclusive of mortgage payment) / purchase price = 6.61%

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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