Long-Term Tenants in Place - Due for Rent Increase

[Mark Scarola]

It Doesn't Get More Turnkey Than This!

If you're looking for a turnkey rental you don't have to worry about, this is the deal for you. Moraine is located in the southwestern part of Ohio, near Dayton and is home to a mostly working class population. The tenants have been in place for over two years and the property is currently being professionally managed. The rent has not been increased since the tenants moved in, though the market would permit a rent hike at this point in time.

• Tenants moved in Feb. 2016
• Monthly rent: $900
• Tenants handle all utilities and are responsible for yard maintenance
• RentFax report suggests fair market rent to be between $966-1076
• 2018 taxes were paid in February: $975.40
• Current insurance: $71.69/month
• Total repair costs since tenants moved in: $979

More Information (click on links below): 

• RentFax Report
• Realtor.com (please note: pictures are from around 2011)

Why am I selling? Moving out of state and looking for one less property to have to keep an eye on.