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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% |
Investment property for sale in Lima at 1253 Latham Ave, Lima, OH, 45805 with 5% annual appreciation on a $134,900 basis while $1,507/mo rent supports operations. Total monthly income totals $1,507/mo and a $660/mo payment preserves $620/mo for cash returns. Annual cash flow comes to $7,439/yr on $44,719 deployed, and return on cash invested reaches 36.54% in year one. Equity gained on principal adds $870/yr, and five-year appreciation sums $37,270 alongside rental yield of 13.41%. Five-year ROI measures 192.55% and total cumulative return in cash totals $86,105.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,507/mo property income versus a $660/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
N/A 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 |
|---|---|---|
| 2024-08-23 | Price change | $134,900 |
| 2024-06-01 | Listed for sale | $139,900 |
| 2020-12-23 | Sold | $80,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1084.66 | -0.51% | $25,760 | N/A |
| 2022-10-16 | $1090.20 | -5.45% | $25,760 | N/A |
| 2021-10-16 | $1153.02 | 10.90% | $25,760 | 29.77% |
Listed by: Zachary Collins • eXp Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304145
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.
