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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 1398 Lutz Rd, Lima, OH, 45801 generates $1,673/mo in rent and, after a $1,150/mo payment, leaves $127/mo in cash flow. Total monthly income is $1,673/mo, and annual cash flow is $1,529/yr on $77,903 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 8.54% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 113.92% and total cumulative return in cash sums $88,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,673/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
N/A 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 |
|---|---|---|
| 1997-06-16 | Sold | $84,500 |
| 1994-11-30 | Sold | $60,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-04 | $1834.51 | 4.73% | $45,820 | N/A |
| 2022-06-04 | $1751.67 | -2.15% | $45,820 | N/A |
| 2021-06-04 | $1790.22 | -0.82% | $45,820 | 15.74% |
Listed by: Zachery Kohli • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307257
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.
