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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% |
Investment property for sale in Lima at 1106 S Grubb Rd, Lima, OH, 45806 listed at $395,000 pairs $2,858/mo rent with a $1,933/mo payment to leave $260/mo cash flow. Total monthly income runs $2,858/mo, and annual cash flow reaches $3,121/yr on $130,943 cash to close. Return on cash invested measures 22.29% in year one, and rental yield registers 8.68% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 116.17% and total cumulative return in cash totals $152,118. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,858/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2025-06-17 | Sold | $395,000 |
| 2025-05-20 | Pending sale | $425,000 |
| 2025-05-15 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $3929.36 | 16.68% | $98,920 | 30.00% |
| 2023-10-27 | $3367.74 | 0.03% | $76,090 | N/A |
| 2022-10-27 | $3366.66 | -0.43% | $76,090 | N/A |
Listed by: Scott Weaver • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307067
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.
