244 Dearborn AveToledoOH43605
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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 244 Dearborn Ave, Toledo, OH, 43605 priced at $149,500 converts $1,549/mo rent into $565/mo cash flow after a $732/mo obligation. Total monthly income equals $1,549/mo, and annual cash flow totals $6,784/yr on $49,559 invested. Return on cash invested prints 33.6% in year one, and rental yield reads 12.43% against a $149,500 entry. Equity gained on principal adds $965/yr, while 5% annual appreciation compiles into $41,304 by year five. Five-year ROI reaches 176.82% and total cumulative return in cash sums $87,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,549/mo property income covering a $732/mo payment, not borrower’s personal income.
Single Family
Built in 1917
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Derek Eisenberg • Continental Real Estate Group
Mls Name: NORIS
Mls ID: #6117452
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. 2024 NORIS. All rights reserved.