REI Reach

2 - property bundle under contract 1950 N Ontario St & 612 Forsythe St

1950 N Ontario St

toledo, OH 43609

Off MarketFix & Flip

Purchase Price

$50,000

ARV

Light Rehab

$25,000

ROI

-100.0%

Property Details

Type

Single Family

Property Notes

Neighborhood / Location

Old South End Toledo

Condition

Both as-is. 612 Forsythe has good roof and new furnace. 1950 Ontario is tenant-occupied, light rehab needed.

Deal Analysis

MAO (70% Rule)-$15,000

Light Rehab Scenario

Rehab Budget$25,000

ARV$0

Profit Range-$50,000 – -$75,000

ROI-100.0%

Full Rehab Scenario

Rehab Budget$25,000 – $0

ARV$0

Profit Range-$50,000 – -$75,000

ROI-100.0%

MAO = ARV × 70% − Repairs. Profit = ARV − Purchase Price − Rehab Budget. ROI = Profit ÷ (Purchase Price + Rehab Budget).

Why This Deal Is Strong

✓- Below market purchase price ($50k total = $25k per door)
✓- Strong rental comps in Old South End support $230k+ combined ARV
✓- Minimal structural work needed (roof and furnace already done on Forsythe)
✓- High-demand rental area with consistent tenant pool
✓- 14-day quick close possible
✓- One property already tenant-occupied generating immediate cash flow

Comps Summary

Summary:** 3 similar 2-3 bed homes in the area sold for $240-280k in the last 90 days.

Photos

Quick Summary

Purchase Price$50,000

Light Rehab$25,000

Light ARV$0

Full Rehab$25,000 – $0

Full ARV$0

Spread-$50,000