3247 Cherry StToledoOH43608
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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 3247 Cherry St, Toledo, OH, 43608 generates $1,614/mo in rent and, after a $793/mo payment, leaves $548/mo in cash flow. Total monthly income is $1,614/mo, and annual cash flow is $6,580/yr on $53,703 invested. Return on cash invested sits at 32.16% in year one, and rental yield is 11.96% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 169.1% and total cumulative return in cash sums $90,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,614/mo property income rather than buyer’s personal income.
Multi Family
Built in 1924
5,662 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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