1239 Fairgreen Ave, Lima, OH, 45805 | $935/mo Cash Flow

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1239 Fairgreen Ave, Lima, OH, 45805 | $935/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lima at 1239 Fairgreen Ave, Lima, OH, 45805 offers a 14.66% rental yield on a $176,400 purchase with $2,155/mo rent. Total monthly income registers $2,155/mo, and a $863/mo payment leaves $935/mo available for distribution. Annual cash flow reaches $11,221/yr on $58,477 to close, and return on cash invested stands at 39.1% in year one. Equity gained on principal adds $1,138/yr while 5% annual appreciation supports $48,736 over five years. Portfolio math shows five-year ROI at 206.75% and total cumulative return in cash at $120,902. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,155/mo property income against a $863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a ranch style three bedroom with one and a half baths located in the Oakview subdivision in Shawnee Township. The home is located on 3/4 acre lot with more than eighteen trees its like living in a forest. The neighborhood is a great area and place for raising children. The Shawnee schools K-12 are rated among the best school districts in the area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45805, Lima, OH area.

Housing Distribution

Housing Statistics

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