2–4 Unit Multi-Family Financing in Dayton, OH

2–4 Unit Multi-Family investing in Dayton

A 2–4 unit property in Dayton is still residential financing — it is underwritten on the 1025 Small Residential Income Property appraisal rather than a commercial rent roll, so you keep 30-year fixed terms while spreading vacancy risk across multiple doors. Losing one tenant in a duplex costs you roughly half your income instead of all of it.

At the Dayton median of $145,000, a 2–4 unit multi-family prices near $229,100 for a typical duplex — small multifamily trades at a premium per building but a discount per door. Minimum down is 25% ($57,275), leaving a loan of $171,825. Estimated all-in PITIA runs about $1,589 per month.

Returns and structure

Return metrics at the Dayton median for this product: an estimated cap rate of 6.34%, and monthly cash flow of $364 positive at 25% down. A file that cash-flows at the minimum down payment is the exception in Ohio right now, and it gives you room to absorb an insurance renewal without going to the reserve account.