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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% |
Investment property for sale in Lima at 1457 Ivy Dr, Lima, OH, 45807 uses $71,272 cash to close to unlock $7,513/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,052/mo payment keeps the spread at $626/mo. Purchase price stands at $214,999, and rental yield measures 11.39% with $2,040/mo rent. Return on cash invested shows 30.45% in year one, and 5% annual appreciation builds toward $59,400 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash records $113,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Date | Event | Price |
|---|---|---|
| 2022-06-02 | Sold | $169,000 |
| 2021-05-25 | Sold | $169,900 |
| 2021-05-08 | Pending sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-10 | $2283.52 | 21.26% | $51,490 | 33.01% |
| 2023-07-10 | $1883.12 | -1.99% | $38,710 | N/A |
| 2022-07-10 | $1921.36 | -0.50% | $38,710 | N/A |
Listed by: Clinton Cole • Red 1 Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307603
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.
