Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
Dayton Ohio has been voted one of the most affordable housing markets in the US according to Realtor.com
Dayton is a tertiary market of both Columbus and Cincinnati. Intel has announced their 20 billion dollar factory in Columbus, and Cincinnati has their new $250 million stadium. Both of these cities have a very high demand for housing, and this is helping markets like Newark Ohio, and Dayton Ohio become more popular for affordability. Crawford Hoying (one of Ohio's largest developers) just finished building around 650 units in Dayton, they say they belive in the growth of the city and the rent to price ratio.
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
Definitely agree that having Indianapolis nearby is huge and having Columbus is also a big deal. We believe heavily in both cities and expect big results from both
Rental Property Investor · Lebanon, OH · Member since 2016 · 220 posts · 228 votes
4y
We bought 188 apartment units in Dayton last year, @Steven Foster Wilson. We've been able to find properties that cash flow while also charging affordable rents. It's definitely getting harder and harder though!
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
Dayton is just waiting its turn for companies to use the space that's there. Once there is overflow from those larger markets they will spread closer to the area. At this point, it's now of matter of if it will happen but when.
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
Dayton is just waiting its turn for companies to use the space that's there.
For over ten years Dayton economy has been growing slowly and steadily. Diverse industries, academia, healthcare.. auto production and housing got hit hard in 2007 leading to phenom deals for investors with enough cash to complete rehabs and hold long term. Dayton proper C class is wher you can get a hilltop decked out completely redone super solid beauty for 144k. Look at the list for 3005 Kathleen Ave.. What do you think of that?
We bought 188 apartment units in Dayton last year, @Steven Foster Wilson. We've been able to find properties that cash flow while also charging affordable rents. It's definitely getting harder and harder though!
Congratulations Lee! I always tell my clients there are still deals to be had, you just have to wait and then act fast.
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
Definitely agree that having Indianapolis nearby is huge and having Columbus is also a big deal. We believe heavily in both cities and expect big results from both
What has been going on in Indianapolis? I have only been following the Ohio market.
We started investing back in 2020, so for its going good In Dayton. They need more jobs and economic development by private or govt back funds to bring city back to its glory. With Columbus on one side and Indianapolis on other, two nation fastest growing cities; Dayton should be benefit from it
Dayton is just waiting its turn for companies to use the space that's there.
For over ten years Dayton economy has been growing slowly and steadily. Diverse industries, academia, healthcare.. auto production and housing got hit hard in 2007 leading to phenom deals for investors with enough cash to complete rehabs and hold long term. Dayton proper C class is wher you can get a hilltop decked out completely redone super solid beauty for 144k. Look at the list for 3005 Kathleen Ave.. What do you think of that?
Wow, that is a nice house. What do you think something like that would rent for in that area?
Rental Property Investor · Dayton, OH · Member since 2015 · 312 posts · 273 votes
4y
Wow, that is a nice house. What do you think something like that would rent for in that area?
That one would go at the top of the market. Currently 1100 to 1200 per month. If it were me I'd price it high then be very patient with tenants.. a house that nice is tough to find in the rental market and people like nurses and robotics techs will be after them..
Rental Property Investor · Doylestown, PA · Member since 2008 · 1k+ posts · 1k+ votes
4y
Agreed. Dayton OH has been steadily growing. I'm currently selling my smaller multi families so I can put the money into a 25 or 50+ unit. I've done the same near me in PA and just repeating in Dayton. Great cash flow if you have a good property management company (which thankfully I do).
Agreed. Dayton OH has been steadily growing. I'm currently selling my smaller multi families so I can put the money into a 25 or 50+ unit. I've done the same near me in PA and just repeating in Dayton. Great cash flow if you have a good property management company (which thankfully I do).
@Salvatore Lentini I'd be happy to talk to you about taking those small multifamily in Dayton off of your hands so you can go bigger faster.
As someone who grew up in Dayton this is news I'm really excited to hear!
I am sure you have seen the market change drastically.
Definitely, especially around the suburb where I grew up. My parents both have two fully paid off homes in Kettering and are nearing retirement, so I'm encouraging them to consider options other than selling.
Agreed. Dayton OH has been steadily growing. I'm currently selling my smaller multi families so I can put the money into a 25 or 50+ unit. I've done the same near me in PA and just repeating in Dayton. Great cash flow if you have a good property management company (which thankfully I do).
It sounds like you are definitely upscaling! I agree, a good property manager is so important. I am always in the market for more deals. Let me know the details on the properties and I would be happy to do business with you.
Investor · Phoenix, AZ · Member since 2018 · 420 posts · 388 votes
4y
I was just in Dayton for the pigtail games of March Madness. Frankly, there are so many abandoned and dilapidated buildings around town its hard for me to even think about investing there. How do you do a value add next to something with boarded up windows and the roof rotting off? What kind of neighbors do you think are lurking about in those buildings? It's going to take a massive influx of cash from dozens of investors to get around this hurdle. This may be a cash flow play, but its far from an appreciation play IMHO.
See the link to the local news report below where they talk about buildings there being abandoned for well over a decade. Stay cautious!
Dayton Ohio has been voted one of the most affordable housing markets in the US according to Realtor.com
Dayton is a tertiary market of both Columbus and Cincinnati. Intel has announced their 20 billion dollar factory in Columbus, and Cincinnati has their new $250 million stadium. Both of these cities have a very high demand for housing, and this is helping markets like Newark Ohio, and Dayton Ohio become more popular for affordability. Crawford Hoying (one of Ohio's largest developers) just finished building around 650 units in Dayton, they say they belive in the growth of the city and the rent to price ratio.
Is anyone on here investing in Dayton heavily?
Now you like Dayton? You literally post daily:
“There are other smaller markets like Dayton, Akron, and Toledo, however there is not alot of economic drivers to those areas.”
Rental Property Investor · Dayton, OH · Member since 2015 · 312 posts · 273 votes
4y
If you know Dayton, you can easily avoid blight by going to areas of town that don't have it. Better yet, buy where blight reduction is a priority for the 138 million if fed money dayton just got. A lot of the press is about justifying the massive expenditure they are about to make.
I was just in Dayton for the pigtail games of March Madness. Frankly, there are so many abandoned and dilapidated buildings around town its hard for me to even think about investing there. How do you do a value add next to something with boarded up windows and the roof rotting off? What kind of neighbors do you think are lurking about in those buildings? It's going to take a massive influx of cash from dozens of investors to get around this hurdle. This may be a cash flow play, but its far from an appreciation play IMHO.
See the link to the local news report below where they talk about buildings there being abandoned for well over a decade. Stay cautious!
There is another article in which it mentions about the abandoned homes will be destroyed and land will be sold to investors or some will be turn in to parks. Yes growth is slow but appreciation has been great that’s for sure