343 Ernst Ave.

Project Summary

343 Ernst Ave.

Ernst Ave. is one of the first properties added to our portfolio. Ernst was our “proof of concept” property.

This 3-unit property was expected to be rented to traditional tenants at $700-$800/month. Our team decided to try something different and furnish the apartment.

To our surprise, we found a huge demand for traveling professionals looking for 2-9 month housing.

Medium-Term Rental

We’ve been receiving 2x the revenue from this property by getting creative with its use. This follows our principle of finding the highest and best use for each of our assets.

Superior Assets

We purchase assets that are well-maintained and adhere to our strict quality standards

Superior Location

This property is located in Dayton Ohio, a submarket we realized was in need of medium-term housing.

The Numbers

33.7%

Cash on Cash Return

18.83%

Cap Rate

~$1,405

Net Monthly Cashflow

97.3%

Occupancy Rate

Property Photos