2200 Scottwood Ave UNIT 306ToledoOH43620
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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
Rental property for sale in Toledo at 2200 Scottwood Ave UNIT 306, Toledo, OH, 43620 generates $1,491/mo in rent and, after a $538/mo payment, leaves $768/mo in cash flow. Total monthly income is $1,491/mo, and annual cash flow is $9,214/yr on $36,465 invested. Return on cash invested sits at 45.18% in year one, and rental yield is 16.27% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 238.85% and total cumulative return in cash sums $87,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,491/mo property income rather than buyer’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
No 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
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