Updated about 7 years ago on .
South DAYTON AREA Perfect BRRR opportunity
Excellent Rental Opportunity. Needs repairs but does hold promising cash flow opportunity with solid nearby employers (Kettering Medical Center, DMax, Fuyao Glass).
Photos:
https://drive.google.com/drive/u/1/folders/1wc8roIWhGuKUJxJMjeFqaxY5ArIK5Fev
Repairs: $16K-20K depending on your metrics/finishes
ARV - ~$63K (conservatively) - ~70K (aggressively)
The Good - Siding and low property taxes ($655 / year). Sheds out back can be used for extra storage/income for your tenants or prospective buyers.
The Unknown - Reportedly working fine: Water heater and furnace although I have not checked them and both are older so I would plan to replace both.
The Bad: Roof (apparently does not leak but I like to future proof my properties as much as possible so plan to replace), flooring, paint, kitchen and bath remodel and general repairs (see photos)
Use the BiggerPockets Calculator and run your own numbers!
Message me to schedule a showing if you're a native of Ohio or visiting the area.
Selling our equitable interest as we hold the assignable contract.