2324 Putnam StToledoOH43620
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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 2324 Putnam St, Toledo, OH, 43620 uses $108,732 cash to close to unlock $5,518/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,617/mo, and a $1,605/mo payment keeps the spread at $460/mo. Purchase price stands at $328,000, and rental yield measures 9.57% with $2,617/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 130.57% and total cumulative return in cash records $141,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,617/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Apartment
Built in N/A
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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