4340 S Watercrest DrToledoOH43614
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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 4340 S Watercrest Dr, Toledo, OH, 43614 priced at $244,900 pairs $2,796/mo rent with $1,045/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,796/mo, and annual cash flow comes to $12,537/yr on $81,184 invested. Return on cash invested is 35.35% in year one, and rental yield stands at 13.7% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 186.91% and total cumulative return in cash reaches $151,745. For financing, Ziffy Mortgage’s DSCR program evaluates $2,796/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
$420 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43614, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 7,750 (52.4%) |
| Renter Occupied HU | 6,166 (41.7%) |
| Vacant Housing Units | 860 ( 5.8%) |
| Median Home Value | $169,375 |
| Average Home Value | $194,597 |
Housing Distribution
Address Breakdown
Residential
14,443
Single Family
10,738
Multi-Family
3,705
Businesses
671
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Listed by: Jayne Bialecki • The Danberry Co
Mls Name: NORIS
Mls ID: #6120433
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.