Dayton Cash Flow MFH/SFH

[Michael Beall]

Good morning BPers.  I'm shopping around primarily for MFHs (would be open to cash flowing SFHs as well) in Dayton, particularly in the following neighborhoods: 

Belmont, Eastmont, Hearthstone, Linden Heights, Burkhardt, Patterson Park.  Also would be open to Kettering, Fairborn, Beavercreek, Huber Hts., and anywhere surrounding WPAFB/Wright St.  Generally anywhere east of I-75 and south of Rt 4.  I've read a good bit in these forums about Riverside Dr. area, so I'd be interested in hearing what's going on over there.  Historically, it was quite dicey over there in my formative years.

Interested in low B/high C class neighborhoods.  My primary goal in the Dayton market would be to maximize monthly cash flow.  Looking for places that are close to rent-ready/low rehab up front.  My only access to available properties right now is via Zillow, Redfin, etc., as I am currently long distance.  I was raised in Dayton and I know the neighborhoods well, and also have plenty of family still around.  

Thanks in advance for any insight!

[Darrin Carey]

@Michael Beall I'm a little jealous of you being in K town. But to get to your question....

Those are generally good rental areas although some specific ones will be higher or lower than your target. Those properties do cashflow well, I have several like those.

Riverside drive is still dicey, I'd be hard pressed to call it any better than a low/mid C in the best areas, D in others.

The biggest factor you'll need to get right is having a great PM. That will make or break you when you are out of the area.

There are some wholesalers I can connect you with, but most of them are probably the same ones @Chris Tabanico knows as well.

If you want to chat sometime, feel free to give me a call.