3384-3394 Lodge Ave
Project Summary
3384-3394 Lodge Ave.
3384 Lodge is a 6-unit property a few miles outside of downtown Dayton. The property was being poorly managed with average rents at $450/month.
We purchase the property all cash for $210,000 and within 6 months we were able to refinance the property with its new appraised value of $320,000.
We were able to pull out the $210,000 we invested in the property. Investors received the funds back and now get to enjoy monthly cash flow even while they’re initial investment was returned to them.
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
228.4%
Cash on Cash Return
17.87%
Cap Rate
$18,624
Annual Cashflow (After refinance)
94.8%
Occupancy Rate
Property Photos
