(just looking for a ballpark here)- Average number of room turnovers per year - PadSplit says the average tenant stays 9 months- Average cost of each room turnover (room & carpet cleaning, repairs due to wear and tear)- Repairs and maintenance - how much are you typically setting aside for this?

We run a special kind of co-living property management that has houses mostly run themselves, 97% occupancy, and over 2 year average tenancy. 

I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area.

But as a property grows in size your rent/sq ft generally decreases.And right now the profit from that primary residence is tax free!!!  

Due to the fact that this neighborhood is lacking comps and a severe lack of development, Being conservative on size and cost there is more planning to be done. 2130 sqft down with an additional 565 sqft up.

The current Average Days on Market is 40 Days.

I ended up buying a SFH home on a nice-sized lot and I am building an ADU on the property.

@Andrew Caton What size deal are you looking for right now?

The size of the house is 3500 sqft, single story, and only a 4/3, and rather small at that BR/BA count for the neighborhood. 

At this point I'm inclined to average fuel usage over the last few years and come up with a heat included number to add to the rent.