745 Washington St APT 402ToledoOH43604
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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 745 Washington St APT 402, Toledo, OH, 43604 generates $2,812/mo in rent and, after a $1,776/mo payment, leaves $70/mo in cash flow. Total monthly income is $2,812/mo, and annual cash flow is $841/yr on $120,301 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 9.3% on a $362,900 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation builds toward $100,263 over five years. Five-year ROI reaches 108.41% and total cumulative return in cash sums $130,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,812/mo property income rather than buyer’s personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
$355 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43604, Toledo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 722 (13.0%) |
| Renter Occupied HU | 3,882 (70.1%) |
| Vacant Housing Units | 931 (16.8%) |
| Median Home Value | $84,091 |
| Average Home Value | $147,536 |
Housing Distribution
Address Breakdown
Residential
5,312
Single Family
2,047
Multi-Family
3,265
Businesses
1,072
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Listed by: Penny Kice • Howard Hanna
Mls Name: NORIS
Mls ID: #6126355
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.