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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 1211 W Elm St, Lima, OH, 45805 generates $1,620/mo in rent and, after a $710/mo payment, leaves $666/mo in cash flow. Total monthly income is $1,620/mo, and annual cash flow is $7,991/yr on $48,068 invested. Return on cash invested sits at 36.53% in year one, and rental yield is 13.41% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 192.5% and total cumulative return in cash sums $92,528. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
4,356 sqft 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 |
|---|---|---|
| 2024-09-21 | Listed for sale | $145,000 |
| 2024-09-08 | Pending sale | $145,000 |
| 2024-07-09 | Price change | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | $1086.22 | -0.51% | $25,800 | N/A |
| 2022-01-11 | $1091.76 | -5.45% | $25,800 | N/A |
| 2021-01-11 | $1154.66 | 4.36% | $25,800 | 18.29% |
Listed by: Robbin Clay • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #303930
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.
