2620 Warner AveToledoOH43615
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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 2620 Warner Ave, Toledo, OH, 43615 priced at $215,900 converts $1,675/mo rent into $249/mo cash flow after a $1,057/mo obligation. Total monthly income equals $1,675/mo, and annual cash flow totals $2,986/yr on $71,571 invested. Return on cash invested prints 24.08% in year one, and rental yield reads 9.31% against a $215,900 entry. Equity gained on principal adds $1,393/yr, while 5% annual appreciation compiles into $59,649 by year five. Five-year ROI reaches 125.76% and total cumulative return in cash sums $90,008. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,675/mo property income covering a $1,057/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43615, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,821 (100%) |
| Owner Occupied HU | 10,455 (50.2%) |
| Renter Occupied HU | 8,800 (42.3%) |
| Vacant Housing Units | 1,566 ( 7.5%) |
| Median Home Value | $168,940 |
| Average Home Value | $214,624 |
Housing Distribution
Address Breakdown
Residential
19,782
Single Family
15,532
Multi-Family
4,250
Businesses
1,040
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Listed by: Beth Manning-Taube • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6120080
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.