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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 Lima at 1115 S Wapak Rd, Lima, OH, 45805 generates $2,305/mo in rent and, after a $1,028/mo payment, leaves $924/mo in cash flow. Total monthly income is $2,305/mo, and annual cash flow is $11,082/yr on $69,615 invested. Return on cash invested sits at 35.83% in year one, and rental yield is 13.17% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 188.76% and total cumulative return in cash sums $131,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,305/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2025-09-09 | Sold | $210,000 |
| 2025-08-13 | Pending sale | $210,000 |
| 2025-08-09 | Price change | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $2382.75 | 17.02% | $46,700 | 35.01% |
| 2023-10-18 | $2036.25 | 0.96% | $34,590 | N/A |
| 2022-10-18 | $2016.96 | 1.12% | $34,590 | N/A |
Listed by: Taran Zwiebel • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307303
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.
