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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Toledo at 702 Colima Dr, Toledo, OH, 43609 priced at $100,000 converts $1,388/mo rent into $731/mo cash flow after a $489/mo obligation. Total monthly income equals $1,388/mo, and annual cash flow totals $8,768/yr on $33,150 invested. Return on cash invested prints 46.36% in year one, and rental yield reads 16.66% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 245.26% and total cumulative return in cash sums $81,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,388/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 43609, Toledo, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,562 (100%) |
| Owner Occupied HU | 3,806 (39.8%) |
| Renter Occupied HU | 4,425 (46.3%) |
| Vacant Housing Units | 1,331 (13.9%) |
| Median Home Value | $62,287 |
| Average Home Value | $107,577 |
Residential
8,640
Single Family
7,723
Multi-Family
917
Businesses
377
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ashley Canales • Serenity Realty LLC
Mls Name: NORIS
Mls ID: #10002342
