2130 Richards Rd APT 4Ottawa HillsOH43606
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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 Ottawa Hills at 2130 Richards Rd APT 4, Ottawa Hills, OH, 43606 uses $43,062 cash to close to unlock $2,284/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,045/mo, and a $636/mo payment keeps the spread at $190/mo. Purchase price stands at $129,900, and rental yield measures 9.65% with $1,045/mo rent. Return on cash invested shows 25.21% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 131.88% and total cumulative return in cash records $56,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,045/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43606, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,555 (100%) |
| Owner Occupied HU | 5,573 (48.2%) |
| Renter Occupied HU | 4,819 (41.7%) |
| Vacant Housing Units | 1,163 (10.1%) |
| Median Home Value | $183,897 |
| Average Home Value | $222,332 |
Housing Distribution
Address Breakdown
Residential
10,463
Single Family
7,913
Multi-Family
2,550
Businesses
744
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Listed by: Jaime Stiriz • The Danberry Co
Mls Name: NORIS
Mls ID: #6136910