2200 Scottwood Ave UNIT 202ToledoOH43620
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 2200 Scottwood Ave UNIT 202, Toledo, OH, 43620 in Toledo at $119,000 earns $1,429/mo in rent and nets $60/mo after the $535/mo payment, a 14.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $32,878 over five years. Ziffy Mortgage underwrites this on a 2.67 DSCR without U.S. credit history. With $1,096/yr in principal paydown, total projected return reaches $51,773.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.2% |
| Monthly Cash Flow | $60 | $450 |
City averages based on Toledo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,429 |
| Total Monthly Debt Service | $1,321 |
| DSCR Ratio | 1.08x |
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.
Condo
Built in 1929
N/A lot
$N/A/sqft
$586 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43620, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,092 (100%) |
| Owner Occupied HU | 718 (23.2%) |
| Renter Occupied HU | 1,889 (61.1%) |
| Vacant Housing Units | 485 (15.7%) |
| Median Home Value | $152,778 |
| Average Home Value | $234,248 |
Housing Distribution
Address Breakdown
Residential
2,504
Single Family
1,747
Multi-Family
757
Businesses
85
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
Condo
Built in 1929
N/A lot
$N/A/sqft
$586 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43620, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,092 (100%) |
| Owner Occupied HU | 718 (23.2%) |
| Renter Occupied HU | 1,889 (61.1%) |
| Vacant Housing Units | 485 (15.7%) |
| Median Home Value | $152,778 |
| Average Home Value | $234,248 |
Housing Distribution
Address Breakdown
Residential
2,504
Single Family
1,747
Multi-Family
757
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices