655 Platt StToledoOH43605
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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 655 Platt St, Toledo, OH, 43605 offers a 13.92% rental yield on a $120,000 purchase with $1,392/mo rent. Total monthly income registers $1,392/mo, and a $587/mo payment leaves $603/mo available for distribution. Annual cash flow reaches $7,236/yr on $39,780 to close, and return on cash invested stands at 38.1% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 200.86% and total cumulative return in cash at $79,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1907
4,800 sqft lot
$N/A/sqft
No HOA
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Listed by: Tyler Tresize • LPG Realty
Mls Name: NORIS
Mls ID: #6123355
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.