1518 Cherrylawn DrToledoOH43614
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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
Investment Highlights
Investment property for sale in Toledo at 1518 Cherrylawn Dr, Toledo, OH, 43614 offers a 11.59% rental yield on a $262,000 purchase with $2,530/mo rent. Total monthly income registers $2,530/mo, and a $1,282/mo payment leaves $807/mo available for distribution. Annual cash flow reaches $9,684/yr on $86,853 to close, and return on cash invested stands at 31.06% in year one. Equity gained on principal adds $1,691/yr while 5% annual appreciation supports $72,386 over five years. Portfolio math shows five-year ROI at 163.13% and total cumulative return in cash at $141,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,530/mo property income against a $1,282/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43614, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 7,750 (52.4%) |
| Renter Occupied HU | 6,166 (41.7%) |
| Vacant Housing Units | 860 ( 5.8%) |
| Median Home Value | $169,375 |
| Average Home Value | $194,597 |
Housing Distribution
Address Breakdown
Residential
14,443
Single Family
10,738
Multi-Family
3,705
Businesses
671
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