Toledo Ohio Investment Property

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Toledo Ohio Investment Property
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 Homewood Avenue, Toledo, 43612  [OCF]
1 Photo
Home for sale: Homewood Avenue, Toledo, OH
   
Purchase Price: $65,900 Rental Income: $800
Bedrooms: 3 Property Tax: $108
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,271  Property Mgmt: $80
Price/Sq foot:  $52 Cash Flow: (Raw) $562
Year Built: 1917 Cap Rate: 10.2%
Parking: 1 car det Rent/Value Ratio: 1.2%
Neighborhood: B DealGrader™: 7.8
Location, location!  This property is conveniently located close to major interstates, restaurants and shopping. It features a large lot and detached garage.  Check back soon for additional photos of completed rehab work.
Cash only or, Cash & Refinance.
 Eleanor Ave, Toledo, 43612  [OCF]
6 Photos
Home for sale: Eleanor Ave, Toledo, OH
   
Purchase Price: $77,900 Rental Income: $850
Bedrooms: 4 Property Tax: $135
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,512  Property Mgmt: $85
Price/Sq foot:  $52 Cash Flow: (Raw) $580
Year Built: 1917 Cap Rate: 8.9%
Parking: 2 Det Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.6
This beautiful 4 bedroom 1 bath home features spacious bedrooms, full basement, large fenced yard, gleaming hardwood floors a 2 car detached garage and more!
Cash Only or, Cash & Refinance.
 Sawyer Rd, Toledo, 43615  [OCF]
1 Photo
Home for sale: Sawyer Rd, Toledo, OH
   
Purchase Price: $89,200 Rental Income: $875
Bedrooms: 2 Property Tax: $125
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,084  Property Mgmt: $88
Price/Sq foot:  $82 Cash Flow: (Raw) $613
Year Built: 1949 Cap Rate: 8.2%
Parking: 1 Att Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 7.5
Charming home in a great location!   located with in minutes of UT college.   Additional photos of completed rehab coming soon!
Cash Only or, Cash & Refinance.
 Annabelle Dr, Toledo, 43612  [OCF]
1 Photo
Home for sale: Annabelle Dr, Toledo, OH
   
Purchase Price: $69,900 Rental Income: $800
Bedrooms: 3 Property Tax: $150
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,292  Property Mgmt: $80
Price/Sq foot:  $54 Cash Flow: (Raw) $520
Year Built: 1953 Cap Rate: 8.9%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Great cash flow opportunity!  Conveniently located to schools, restaurants and shopping.  Check back soon for additional photos of complete rehab work.
Cash Only or, Cash & Refinance.
 104th St, Toledo, 43611  [OCF]
1 Photo
Home for sale: 104th St, Toledo, OH
   
Purchase Price: $70,900 Rental Income: $800
Bedrooms: 3 Property Tax: $75
Bathrooms: 1 Insurance/HOA: $50
Size: (sq ft) 1,089  Property Mgmt: $80
Price/Sq foot:  $65 Cash Flow: (Raw) $595
Year Built: 1941 Cap Rate: 10.1%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: A DealGrader™: 7.8
Lovely home near water front access!  This home features a full basement and screened in porch and is close to area schools.  Check back soon for additional photos of completed rehab work.
Cash Only, or Cash & Refinance.
 Shawn Terrace, Toledo, 43615  [OCF]
1 Photo
Home for sale: Shawn Terrace, Toledo, OH
   
Purchase Price: $69,900 Rental Income: $850
Bedrooms: 3 Property Tax: $125
Bathrooms: 1.5 Insurance/HOA: $50
Size: (sq ft) 1,196  Property Mgmt: $85
Price/Sq foot:  $58 Cash Flow: (Raw) $590
Year Built: 1976 Cap Rate: 10.1%
Parking: 1 Att Rent/Value Ratio: 1.2%
Neighborhood: B– DealGrader™: 7.8
Great 2 story home located within minutes of UT College and convenient to restaurants and shopping.  Check back soon for additional photos of completed rehab work.
Cash Only or, Cash & Refinance

More Properties Coming Soon!

POPULATION GROWTH

  • Toledo, Ohio is a “five star logistics region” with access to Cleveland, Columbus, Dayton, Chicago and Detroit. The city has become well known for its industry in glass and auto assembly as well as healthcare and local sports. With its many nearby universities and large public school system, Toledo has established itself as an economic pillar in the State of Ohio.
  • University of Toledo comprises of 23,000 students and has the 3rd largest operating budget in the State of Ohio.

JOB GROWTH

  • Toledo benefits from numerous manufacturing facilities which comprise one-fifth of Toledo’s economic base. Toledo was ranked #9 in a list of the Best Cities for Jobs this Fall by Forbes.com.

ECONOMY

  • Chinese companies have pledged to invest $200 million in a new residential-commercial development in the city’s Marina District.

TAXES / COST OF LIVING

  • Toledo is less expensive than many other metropolitan areas, making the rent more a ffordable for tenants.
  • Toledo was recently ranked second for both lowest cost of living and cheapest office space when compared to 150 major US cities. Overall, it was ranked the 39th best place to start a business. These rankings were based on a number of factors, including real estate affordability, as well as tax rates and access to financing. www.wallethub.com

Overview

Toledo is a large city located in the state of Ohio. With a population of 279,789 people and 100 neighborhoods, Toledo is the fourth largest community in Ohio.

Unlike some cities, Toledo isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Toledo are a mix of both white- and blue-collar jobs. Overall, Toledo is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Toledo who work in office and administrative support (14.05%), sales jobs (10.12%) and food service (8.48%).

One thing noticeable about Toledo, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Toledo is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Toledo a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Toledo is one of the top larger cities in America for educated single professionals to flock.

Toledo was recently voted the 2nd most a ffordable housing market for the US middle class and ranked 3rd best market for investing in single family turnkey rentals.

In a ranking of the ten most undervalued metro areas in the US, Toledo , Ohio ranked number seven. “...home prices are the most undervalued in Ohio. “...in several of the most undervalued markets, including Detroit and Chicago, prices are now rising year-over-year in the double digits,” writes Jed Kolko, chief economist at Trulia. “But those markets are unlikely to stay on the most-undervalued list for many more quarters.” www.businessinsider.com

Toledo Information and Demographics

In terms of college education, Toledo is nearly on par with the US average for all cities of 21.84%: 17.72% of adults 25 and older in Toledo have a bachelor's degree or advanced degree.

The per capita income in Toledo in 2010 was $19,113, which is lower middle income relative to Ohio and the nation. This equates to an annual income of $76,452 for a family of four. However, Toledo contains both very wealthy and poor people as well.

 

 


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Median Price Trends — Toledo, OH
Market Inventory Trends — Toledo, OH
Average Days on Market — Toledo, OH
Market Action Index — Toledo, OH

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Toledo, OH
Unemployment Rate Trends - Toledo, Ohio
            Toledo, OHorida, National.   (Recessions shown as gray bars.)
Total Employment Trends — Toledo, OH
Total Employment - Toledo, Ohio
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Toledo, OH
Real Median Household Income Trends - Toledo, Ohio
            Toledo, OHorida, National.
Home Rent-to-Mortgage Payment Ratio — Toledo, OH
Home Rent-to-Mortgage Payment Ratio - Toledo, Ohio

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Toledo was 1.14 in March 2014.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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