1317 Melrose StLimaOH45801
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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
Investment Highlights
Rental property for sale in Lima at 1317 Melrose St, Lima, OH, 45801 generates $1,613/mo in rent and, after a $959/mo payment, leaves $324/mo in cash flow. Total monthly income is $1,613/mo, and annual cash flow is $3,889/yr on $64,974 invested. Return on cash invested sits at 25.89% in year one, and rental yield is 9.88% on a $196,000 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation builds toward $54,151 over five years. Five-year ROI reaches 135.51% and total cumulative return in cash sums $88,044. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,613/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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Listed by: Dawn Iiames • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307357
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.