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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 1224 W Wayne St, Lima, OH, 45805 generates $1,608/mo in rent and, after a $548/mo payment, leaves $871/mo in cash flow. Total monthly income is $1,608/mo, and annual cash flow is $10,458/yr on $37,128 invested. Return on cash invested sits at 48.08% in year one, and rental yield is 17.23% on a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 254.47% and total cumulative return in cash sums $94,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,608/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
5,227 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 |
|---|---|---|
| 2025-06-25 | Sold | $112,000 |
| 2025-05-09 | Pending sale | $110,000 |
| 2025-05-02 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-10 | $498.70 | -2.42% | $10,680 | N/A |
| 2022-10-10 | $511.08 | -4.73% | $10,680 | N/A |
| 2021-10-10 | $536.44 | -14.39% | $10,680 | -5.57% |
Listed by: Shaun Richardson • EXP Realty-Dublin
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306927
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.
