Single-Family Home
1,210 sqft. Interior
7,122 sqft. Exterior
2 Bathrooms
1 Door
Property Location
1261 Rosedale Dr, Dayton, OH 45402
Ohio,
45402
Disclaimer:
As experts in property purchasing, we offer consultations and detailed analyses of rental income properties. However, the images, financial projections, and examples presented are for illustrative purposes only and do not guarantee returns or the expected profitability. The configurations and features of the properties may vary. We strongly recommend that you consider our guidance, but also conduct your own research and due diligence before making any investment decisions. Trust our expertise, but remember that all investments carry inherent risks. You are solely responsible for your investment decisions. Your trust is our priority.
Comprehensive Financial Details
At Great Front Door, transparency is key. We want you to have a clear understanding of all costs associated with your property investment. Below, we break down the pricing for Rental Income Property to help you make an informed decision
INVESTMENT DETAILS
- Description Amount
- Cash Due at Closing
- Down Payment: $ 8,800
- Agent Fees: $ 1,320
- Mortgage Fees: $ 352
- 1st Year's Insurance: $ 440
- 1st Year's Taxes: $ 440
- Total Closing Costs: $ 11,352
- Renovation Cost: $ 100,000
- Mortgage While Renovating: $ 1,471
- Property Management Fees: $ 1,092
- Total Initial Investment: $ 113,915
-
INVESTORS CONSIDERATIONS
- Description Amount
- Listing Price: $ 44,000
- Days on Market: 0
- Fix and Flip Max Price: $ -7,857
- After Repair Value (ARV): $ 131,633
- Equity after Renovation (EaR): $ -26,282
- Redfin YoY Home Price Growth in 45402 -15.80%
- Zillow YoY Home Price Growth in 45402 12.30%
RENTAL COMPARISON AND CASH FLOW
- Description Amount
- Monthly Income
- Avg. Monthly Rent ( 1 x 3-bed, 2-bath, 1,408-sqft rental unit): $ 1,092
- TOTAL Avg. Monthly Rent: $ 1,092
- Monthly Expenses
- Monthly Mortgage Payment: $ 245
- Monthly HOA (if any): $ 0
- Monthly Insurance: $ 37
- Monthly Tax: $ 37
- Monthly Maintenance: $ 37
- Monthly Property Management Fees: $ 109
- Total Monthly Payment: $ 464
- Monthly Cash Flow: $ 628
- Annual Cash Flow: $ 7,532
- Return of Investment via Rental Cash Flow: 15 years and 8 months
- Debt-Service Coverage Ratio (DSCR): 3.43
HOW WOULD I RETURN MY INITIAL INVESTMENT?
- Initial Investment: To acquire this property with listing price of $44,000 and maximize the rental potential of this property, you will need an initial investment of approximately $113,915. This includes closing costs totaling $11,352 which is a down payment of $8,800, agent fees of $1,320 and mortgage fees of $352. Initial investment also includes your renovation budget of $100,000 and mortgage payments during the renovation over 6 months totaling $1,471.
- After Repair Value (ARV): The property has an After Repair Value (ARV) of $131,633. The maximum price for a Fix and Flip is estimated at $-7,857. After accounting for all renovation costs, the Equity After Renovation stands at $-26,282. Since the number is negative, you'll need to wait for the Monthly Cash Flow of $628 to pay back your $113,915 Total Initial Investment in 15 years and 8 months.
-
ARV Comparison Data
Comparable Property Link After Repair Value (ARV) $ 85,000 $ 139,900 $ 170,000 Comparable Property Link: https://www.zillow.com/homedetails/1124-Seneca-Dr-Dayton-OH-45402/35096470_zpid/
After Repair Value (ARV): $ 85,000Comparable Property Link: https://www.zillow.com/homedetails/1127-Platt-Cir-Dayton-OH-45402/35096447_zpid/
After Repair Value (ARV): $ 139,900Comparable Property Link: https://www.zillow.com/homedetails/500-N-Williams-St-Dayton-OH-45402/299969842_zpid/
After Repair Value (ARV): $ 170,000 -
Rental Cash Flow:
This 3 bedroom, 2 bathroom, 1408 square foot unit can be rented at an average of $1,092 per month. Comparable rents are $850, $1,076, $1,350 in this area. Monthly expenses total $464. That includes monthly mortgage $245, property management fees $109, HOA, and then monthly budgets for taxes $37, insurance $37 and maintenance $37. Monthly cash flow is $628 totaling to $7,532 in annual rental income. Returning a Total Initial Investment of $113,915 is estimated at 15 years and 8 months.
-
3-bed with 2-bath Unit Monthly Rent Price Comparison Data
Rental Unit Link Rent Estimate Square Feet $ 850 1,450 $ 1,076 1,246 $ 1,350 1,530 Rental Unit Details Rental Unit Link: https://www.zillow.com/homedetails/636-638-Oxford-Ave-Dayton-OH-45402/2076823826_zpid/
Rent Estimate: $ 850
Square Feet: 1,450Rental Unit Link: https://www.zillow.com/homedetails/714-Shoop-Ave-Dayton-OH-45402/35105135_zpid/
Rent Estimate: $ 1,076
Square Feet: 1,246Rental Unit Link: https://www.zillow.com/homedetails/727-N-Broadway-St-Dayton-OH-45402/35095252_zpid/
Rent Estimate: $ 1,350
Square Feet: 1,530 - Return of Investment: With total monthly expenses amounting to $464, including mortgage payments, taxes, insurance, and maintenance, you can anticipate a monthly cash flow of approximately $628. This results in an annual cash flow of $7,532, indicating a return on investment over a period of about 15 years and 8 months.
Don't miss out on our next Rental Income Property!
Start building your real-estate empire today!
