5743 Steffens AveToledoOH43623
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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 5743 Steffens Ave, Toledo, OH, 43623 offers $1,886/mo rent that, after a $771/mo payment, leaves $850/mo cash flow. Total monthly income is $1,886/mo, and annual cash flow is $10,198/yr on $52,211 cash. Return on cash invested measures 39.44% in year one, and rental yield stands at 14.37% at a $157,500 entry. Equity gained on principal adds $1,016/yr while 5% annual appreciation compounds into $43,514 by year five. Five-year ROI records 208.09% and total cumulative return in cash reaches $108,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,886/mo property income versus a $771/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
3,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43623, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,432 (100%) |
| Owner Occupied HU | 5,782 (61.3%) |
| Renter Occupied HU | 3,186 (33.8%) |
| Vacant Housing Units | 464 ( 4.9%) |
| Median Home Value | $183,761 |
| Average Home Value | $242,799 |
Housing Distribution
Address Breakdown
Residential
9,574
Single Family
7,008
Multi-Family
2,566
Businesses
948
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Listed by: Richard L. Snider • RE/MAX Masters
Mls Name: NORIS
Mls ID: #6124429
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.