1380 Latham AveLimaOH45805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Lima at 1380 Latham Ave, Lima, OH, 45805 at $162,000 posts ROI 42.44% with $1,008/mo cash flow from $2,074/mo rent. Total monthly income equals $2,074/mo, and annual cash flow records $12,100/yr on $53,703 to close. Return on cash invested measures 42.44% and rental yield reads 15.36% at the current $162,000. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 by year five. Five-year ROI prints 224.24% and total cumulative return in cash totals $120,425.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,074/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Miller • Oakridge Realty & Auction Co.
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306394
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.