237 E Delaware AveToledoOH43608
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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 237 E Delaware Ave, Toledo, OH, 43608 uses $39,449 cash to close to unlock $1,868/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $938/mo, and a $582/mo payment keeps the spread at $156/mo. Purchase price stands at $119,000, and rental yield measures 9.46% with $938/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 128.78% and total cumulative return in cash records $50,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $938/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1907
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43608, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 2,578 (43.4%) |
| Renter Occupied HU | 2,208 (37.2%) |
| Vacant Housing Units | 1,153 (19.4%) |
| Median Home Value | $45,923 |
| Average Home Value | $122,498 |
Housing Distribution
Address Breakdown
Residential
5,159
Single Family
5,094
Multi-Family
65
Businesses
254
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Listed by: Dominique Poellnitz • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #6132822
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.