All Forum Posts by: Account Closed

Is Dayton, OH still a good place to invest? I was given a property located on Dexter Ave, zip is 45419. It is in a very good school district. But I see very few rental listings on Zillow in that immediate neighborhood. Anyone know what the rental demand is like in this area?

Also, how is Dayton's economy? The unemployment does not seem to great. I also read it was one of the hardest hit regions during the recession.

Thank you guys a lot for the help!

I am looking at a home selling for $119K. The assessment for 2016 is $81,600. I am wondering if purchasing the home more than $37K above assessment would increase the tax assessment, thus increasing the property tax.

Thanks alot for the help guys!

I am about to purchase a 3 bd/2 bth 1498 SF property in Indianapolis. Pike township.

Purchase price is $119,900

Rent: $1,175

20% down + closing cost: $26,858

Principal + Interest (4.75%): $500

Property Tax: $200

Insurance: $60

HOA: $18

Property Management (8%): $94

Vacancy (5%): $59

Maintenance (5%): $59 

Assuming I get $1,175 I am looking at $185 cash flow for a 8.2% CoC return.

How do you guys like this deal? Any suggestions on my calculations? Do you believe the rent estimation is accurate?

Thanks in advance!