6247 Edgewater DrToledoOH43611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6247 Edgewater Dr, Toledo, OH, 43611 priced at $374,900 converts $1,961/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,961/mo. Return on cash invested prints 15.03% in year one, and rental yield reads 6.28% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 77.19% and total cumulative return in cash sums $95,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,961/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Johnson • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6131775
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. 2025 NORIS. All rights reserved.