5338 Fortune DrToledoOH43611
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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 5338 Fortune Dr, Toledo, OH, 43611 uses $49,692 cash to close to unlock $4,511/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $1,388/mo, and a $734/mo payment keeps the spread at $376/mo. Purchase price stands at $149,900, and rental yield measures 11.11% with $1,388/mo rent. Return on cash invested shows 28.99% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 152.28% and total cumulative return in cash records $75,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,388/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1974
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43611, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,591 (100%) |
| Owner Occupied HU | 5,476 (63.7%) |
| Renter Occupied HU | 2,392 (27.8%) |
| Vacant Housing Units | 723 ( 8.4%) |
| Median Home Value | $124,040 |
| Average Home Value | $158,682 |
Housing Distribution
Address Breakdown
Residential
8,192
Single Family
7,746
Multi-Family
446
Businesses
319
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Listed by: Joseph D. Mathias • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6122298
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.