Mid-Term Rentals in Smaller Markets - My Profit/Loss

[Matthew Masoud]

This is my P/L from a 6-unit property in Dayton, OH for July.

All 6 units have been converted to MTR.

C-Class area near major hospital (believe it or not purchase price $210k) Cap Rate: ~31%

We have 32 units in this market. Just goes to prove MTR works in small markets too

*Water is paid quarterly.

[Matthew Masoud]

Quote from @Zachary Deal:

Thanks for sharing, this is really helpful! Are most of the tenants travel nurses? 

 For the most part yes. We are seeing some military due to being near a base.