Thoughts on Investing in Dayton,OH

[Martez Mitchell]

Hello all. I currently live in the Cincinnati area , but I’m looking to invest in Dayton properties due to its lower house values compared to where I currently live. I was wondering if there are any investors in Dayton with any tips or feedback on the area. I see the property taxes are fairly high also. I would be purchasing multi family properties, so I was also curious on what the rental scene looks like both price and demand wise. I appreciate any and everything! Thanks ahead of time!

[Michael Craven]

Dayton is appealing due to its lower home prices, even on the MLS. The quality of the neighborhood does vary quite a bit from street to street, though. We have invested in C class areas that rent between $825 and $875 per month for a SFH. Ideally, solid B areas are what we are moving towards.

Kettering is a nice area that has a lot of 1BR/1BA 4-plexes; however, there is an oversaturation of these buildings (like rows upon rows). With taxes and using a PM, it was hard to cash flow on these. So if I were you, I'd look at the less common 2 BR/1BA quads that you can find in the Dayton area.