508 N Meridian StToledoIL62468
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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
Investment property for sale in Toledo at 508 N Meridian St, Toledo, IL, 62468 uses $43,095 cash to close to unlock $1,219/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,003/mo, and a $636/mo payment keeps the spread at $102/mo. Purchase price stands at $130,000, and rental yield measures 9.26% with $1,003/mo rent. Return on cash invested shows 22.74% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 119.02% and total cumulative return in cash records $51,291. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,003/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1899
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62468, Toledo, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,148 (100%) |
| Owner Occupied HU | 883 (76.9%) |
| Renter Occupied HU | 170 (14.8%) |
| Vacant Housing Units | 95 ( 8.3%) |
| Median Home Value | $152,043 |
| Average Home Value | $199,703 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
968
Multi-Family
0
Businesses
84
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