Bring On The HEAT With This Cute Bungalow
$54,900.00Price
Did someone say “Cute Bungalow?” We sure did. Your probably asking yourself - “What are the benefits of owning a 2 bed bungalow investment property?” The answers are quite simple. 1) Lower maintenance repairs due to smaller size, 2) Happy tenants with lower monthly utility bills, 3) Easier to get tenanted due to lower entry rent.
Everything is LOW LOW LOW with this awesome property except for the quality of workmanship and cashflow. This turnkey investment property is also conveniently located near Cleveland Park, Highland Park and Walnut Hills Park!
Known as the birthplace of aviation. Dayton features a fantastic array of big city amenities coupled with midwestern charm and hospitality. Located at the crossroads of America where I-75 north/south meets I-70 east-west, Dayton is the perfect destination for meetings, conventions, reunions, youth and amateur sports tournaments, group events, family vacations and weekend stop-overs. It’s Ohio travel at its best.
The all time high sale price for this property was $83,900 in 2005.
Details
Single Family Home
Property Type: Residential
Property Market: Dayton
Lot Size: 4,791 sq ft
Square Footage: 1,028 sq ft
Bedrooms: 2
Bathrooms: 1
Car: Garage
Property Pro-Forma Details
Monthly Rent: $750
Annual Rent: $9,000
Annual Net Return: $6,380
Cap Rate: 12%
Annual Expenses
Property Tax: $1,400
Insurance: $500
Management: $720