1405 Hazel AveLimaOH45805
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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
Investment property for sale in Lima at 1405 Hazel Ave, Lima, OH, 45805 uses $43,758 cash to close to unlock $14,266/yr annual cash flow and $1,189/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $646/mo payment keeps the spread at $1,189/mo. Purchase price stands at $132,000, and rental yield measures 18.7% with $2,057/mo rent. Return on cash invested shows 52.51% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 278.2% and total cumulative return in cash records $121,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1910
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
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Listed by: Richard Robinson III • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305700
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.