Conventional Investment Property Loans in Dayton, OH
Loan-size math and qualifying analysis for Conventional financing on Dayton's $139k median home value. Strong fit.
Strong fit for Dayton.
Dayton medians ($139k) keep down payment requirements manageable, and rental fit (90/100) supports the long-term cash flow conventional loans depend on.
Payment on Dayton's $139k median.
| Median home value (Dayton) | $138,867 |
| Assumed LTV | 80% |
| Loan amount | $111,094 |
| Cash to close (down payment) | $27,773 |
| Assumed rate | 6.75% |
| Term | 30-year amortizing |
| Monthly P&I | $721/mo |
Does Dayton pencil?
| Median monthly rent (Dayton) | $1,199/mo |
| Property taxes (est. 1.1%/yr) | −$127/mo |
| Insurance (est. 0.5%/yr) | −$58/mo |
| NOI (before debt) | $1,014/mo |
| Debt service | −$721/mo |
| DSCR | 1.41 |
Most Conventional lenders require DSCR ≥ 1.10 to fund and ≥ 1.20-1.25 for the best pricing tier. Dayton medians comfortably clear this threshold.
Conventional financing — the mechanics.
Conforming residential mortgage for non-owner-occupied 1-4 unit properties, sold to Fannie Mae or Freddie Mac. Standard 30-year amortization. The lowest-cost real-estate financing available to most investors.
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
How Ohio law affects this loan.
Ohio: state income tax up to 3.5%. See full Conventional in Ohio breakdown.
Frequently asked.
What's the typical Conventional loan size for a property in Dayton?
On Dayton's $139k median home value, a Conventional loan at the standard 80% LTV would be approximately $111k, requiring $28k down.
What's the monthly payment on a typical Conventional loan in Dayton?
Fully-amortizing 30-year payment on a $111k Conventional loan at the typical rate of 6.75% would be approximately $721/month, excluding taxes and insurance.
Is Dayton a good market for Conventional financing?
Dayton medians ($139k) keep down payment requirements manageable, and rental fit (90/100) supports the long-term cash flow conventional loans depend on.
What credit and reserves do Conventional lenders require for Dayton properties?
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
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