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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 1128 Bahama Dr, Lima, OH, 45801 priced at $139,900 converts $1,367/mo rent into $447/mo cash flow after a $685/mo obligation. Total monthly income equals $1,367/mo, and annual cash flow totals $5,358/yr on $46,377 invested. Return on cash invested prints 31.46% in year one, and rental yield reads 11.73% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 165.37% and total cumulative return in cash sums $76,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,367/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Listed for sale | $139,900 |
| 2024-11-30 | Listing removed | $139,900 |
| 2024-11-01 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | $615.11 | -3.44% | $21,740 | N/A |
| 2022-01-11 | $637.05 | -0.51% | $21,740 | N/A |
| 2021-01-11 | $640.31 | 31.97% | $21,740 | 22.96% |
Listed by: Linda Painter-Stemen • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305962
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.
