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Return on investmentThis is the next post in my series on investing in Dayton, Ohio real estate. My last article provided an overview of topics which this series will be addressing. It also explained that I will be using this series to address what I believe are flawed assumptions when it comes to investment prospects in our region. In this article I will be discussing my personal experience as a local investor. If you are interested in buying a rental property, or properties, then contact me today to speak with a real estate agent.

My Dayton area real estate investments have provided significant returns

I am an Ohio native who moved to the west coast after graduating from the University of Dayton. I moved back to the area in 2015, in part, to invest in local real estate. I purchased my first rental property in April of 2016 for $58,000. It was essentially “turn-key” ready and I was able to rent it out, within days of listing it for rent, for $675 per month. Over the last few years the rent has gradually increased, due to the rise in local housing prices, and the home is currently rented out for $715 per month. If I were to list the home for sale today, which I’m not interested in doing, I would not consider a price of less than $70,000 – $75,000 for it. In other words, the home is currently occupied at a monthly rent which is roughly 1.25 percent of the purchase price, which is well in excess of the one percent threshold that most investors typically seek. Also, the home has likely appreciated by roughly twenty percent (on the low end) in less than three years. The cash flow from this property, combined with the appreciation, has made me very happy with my return on investment.

I have purchased two additional properties since the initial one described above. Each of these subsequent properties have yielded even better returns than my initial purchase. Perhaps more importantly, I have had no problem keeping the properties occupied due to what I feel is a red-hot rental market in the area. Given this experience, I intend to invest in Dayton area real estate as aggressively as possible going forward.

As a Dayton real estate agent, I have seen multiple investors do well in our area

As a Dayton area real estate agent, I have worked with other investors who are putting money to work in our community. These investors have also realized monthly rents well over one percent of a property’s purchase price. This is far different than investing in California or Nevada (two other states in which I have lived) in which an investor may be lucky to receive one-half of one percent of a home’s purchase price in rent. In short, I have done much better, from a cash flow standpoint, investing in Dayton than I would have in San Francisco or Las Vegas.

If you are interested in purchasing rental real estate, or in purchasing multi-family homes, then contact me today to speak with a Dayton realtor. I pride myself in providing a high level of service and I look forward to being of assistance. I also service the areas of Beavercreek, Centerville, Cincinnati, Clayton, Englewood, Oakwood, Fairborn, Harrison Township, Huber Heights, Kettering, Miami Township, Miamisburg, Riverside, Springboro, Trotwood, Vandalia, Washington Township, West Carrollton, and Xenia.

Note & Disclaimer: Nothing in this article, or on this website, should be construed as investment or financial advice. The opinions shared on this website are the personal, and not professional, opinion of the author and are not associated with Keller Williams Advisors. Any investment decisions should be made after consulting with a certified financial/investment professional.