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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 1301 N Adams St, Lima, OH, 45801 offers $1,444/mo rent that, after a $832/mo payment, leaves $326/mo cash flow. Total monthly income is $1,444/mo, and annual cash flow is $3,910/yr on $56,355 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 10.19% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 140.58% and total cumulative return in cash reaches $79,221. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,444/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,227 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 |
|---|---|---|
| 2025-03-18 | Listed for sale | $170,000 |
| 2024-12-03 | Sold | $50,000 |
| 2024-08-12 | Listed for sale | $47,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-19 | $377.66 | -0.13% | $16,700 | N/A |
| 2022-03-19 | $378.15 | 4.19% | $16,700 | N/A |
| 2021-03-19 | $362.96 | -48.41% | $16,700 | 19.29% |
Listed by: Sarah Thompson • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306515
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.
