106 Melrose AveToledoOH43610
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow106 Melrose Ave, Toledo, OH, 43610 in Toledo is a solid income-producing rental, 12.34% gross yield, $1,130/mo rent, $407/mo net cash flow on a $109,900 buy. DSCR 2.29 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $30,363 and $1,012/yr in principal reduction project a total cumulative return of $68,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.2% |
| Monthly Cash Flow | $407 | $450 |
City averages based on Toledo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,130 |
| Total Monthly Debt Service | $679 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1897
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43610, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,188 (100%) |
| Owner Occupied HU | 954 (43.6%) |
| Renter Occupied HU | 788 (36.0%) |
| Vacant Housing Units | 446 (20.4%) |
| Median Home Value | $77,344 |
| Average Home Value | $153,813 |
Housing Distribution
Address Breakdown
Residential
1,789
Single Family
1,732
Multi-Family
57
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in 1897
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43610, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,188 (100%) |
| Owner Occupied HU | 954 (43.6%) |
| Renter Occupied HU | 788 (36.0%) |
| Vacant Housing Units | 446 (20.4%) |
| Median Home Value | $77,344 |
| Average Home Value | $153,813 |
Housing Distribution
Address Breakdown
Residential
1,789
Single Family
1,732
Multi-Family
57
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices