Middletown & Franklin, Ohio. The next best turnkey investment cities?
in Business, Franklin, Middletown, Ohio, Real Estate Investing, Turnkey Investments, Uncategorized by Flip Robison

Middletown & Franklin, Ohio. The next best turnkey investment cities?

We know what you’re thinking. Middletown? Franklin? Where are these cities? Well. They’re perfectly situated between Dayton, Ohio and Cincinnati, Ohio; two of Ohio’s largest cities. In fact, the Cincinnati and Dayton metro area is the 18th largest metro area in the United States (just behind San Diego). Although it doesn’t quite have the official designation of one large metro area, the area is increasingly behaving like one region. In just 20 years, the U.S. Census Bureau projects that Butler County and Warren County (home to both Middletown and Franklin) will have the biggest gains in population in all of Ohio.
Large gains in population.
In between two major metro areas.
Projected growth for 20+ years.
Sounding more and more like a great investment area, right?

Turnkey investments in Ohio, specifically Middletown and Franklin, are perfect if you want a real return on your money. If you’re looking for an invesment with a 5%-9% cap rate, maybe a larger metro area like Chicago or Los Angeles could help you. However, if you’re wanting 10%-15% returns on your money with turnkey properties, these two markets offer up some phenomenal opportunities.

Here are just a few points to consider with the Franklin, Ohio turnkey market:

  1. Unemployment rate is currently 3.9% – below national average. Jobs are plenty and income is growing.
  2. Median salary is $51,003. This supports a great market to secure cashflow with less chances of evicition and vacancy costs.
  3. A three bedroom turnkey property, on average, will cost you between $70k-$100k. Try getting that in Los Angeles in a good B-C class area.
  4. Over a 20 year period, this city is part of the largest projected growth area in all of Ohio. 
  5. Renter ratio is at 43%. Home ownership stands at 57%. Great opportunities for turnkey investors.
(Franklin, Ohio is known as The City of Murals.)

Here are just a few points to consider with the Middletown, Ohio turnkey market:

  1. Innovation abounds. A new Amazon fulfillment center is opening just south of the city and a new $30 million dollar Kettering Health Network Emergency Center is opening in Middletown.
  2. Property values in Middletown are expected to rise 4.3% over the next year. 
  3. A three bedroom turnkey property, on average, will cost you between $70k-$100k. Try getting that in Los Angeles in a good B-C class area.
  4. Over a 20 year period, this city is part of the largest projected growth area in all of Ohio. 
  5. Renter ratio is at 47%. Home ownership stands at 53%. Fantastic opportunities for turnkey investors.
(New AK Steel research facility in Middletown, OH.)

 

This is the tip of the cashflow iceberg. Both Franklin and Middletown offer excellent opportunities for turnkey investments.
High returns.
Low purchase rates.
High population of renters.
And a population projection beyond any other in the state of Ohio.

Want to know more about why Franklin, Ohio and Middletown, Ohio is a great place for turnkey investors? Download our Middletown & Franklin City Report below. It’s FREE and is full of stats and information on these markets and turnkey investment opportunities.