6029 Red Oak Dr #6029ToledoOH43615
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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 6029 Red Oak Dr #6029, Toledo, OH, 43615 earns $1,846/mo cash flow from $2,635/mo rent with a $587/mo payment. Total monthly income totals $2,635/mo, and annual cash flow totals $22,154/yr on $39,747 capital. ROI tracks 75.65% on current figures, and rental yield reads 26.37% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 402.36% and total cumulative return in cash sums $159,924. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,635/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43615, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,821 (100%) |
| Owner Occupied HU | 10,455 (50.2%) |
| Renter Occupied HU | 8,800 (42.3%) |
| Vacant Housing Units | 1,566 ( 7.5%) |
| Median Home Value | $168,940 |
| Average Home Value | $214,624 |
Housing Distribution
Address Breakdown
Residential
19,782
Single Family
15,532
Multi-Family
4,250
Businesses
1,040
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Listed by: Laura McIntyre • Howard Hanna
Mls Name: NORIS
Mls ID: #6117089
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.