345 & 355 Mellwood DrTorontoOH43964
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow345 & 355 Mellwood Dr, Toronto, OH, 43964 in Toronto is a solid income-producing rental, 10.18% gross yield, $976/mo rent, $219/mo net cash flow on a $115,000 buy. DSCR 1.89 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $31,772 and $1,059/yr in principal reduction project a total cumulative return of $57,971.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $219 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $976 |
| Total Monthly Debt Service | $711 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43964, Toronto, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,304 (100%) |
| Owner Occupied HU | 2,849 (66.2%) |
| Renter Occupied HU | 990 (23.0%) |
| Vacant Housing Units | 465 (10.8%) |
| Median Home Value | $133,291 |
| Average Home Value | $158,734 |
Housing Distribution
Address Breakdown
Residential
4,105
Single Family
3,976
Multi-Family
129
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43964, Toronto, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,304 (100%) |
| Owner Occupied HU | 2,849 (66.2%) |
| Renter Occupied HU | 990 (23.0%) |
| Vacant Housing Units | 465 (10.8%) |
| Median Home Value | $133,291 |
| Average Home Value | $158,734 |
Housing Distribution
Address Breakdown
Residential
4,105
Single Family
3,976
Multi-Family
129
Businesses
176
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices