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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 1461 Cessna Ave, Lima, OH, 45807 offers a 13.97% rental yield on a $290,000 purchase with $3,376/mo rent. Total monthly income registers $3,376/mo, and a $1,419/mo payment leaves $1,469/mo available for distribution. Annual cash flow reaches $17,626/yr on $96,135 to close, and return on cash invested stands at 38.24% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 201.66% and total cumulative return in cash at $193,864. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,376/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.27 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 |
|---|---|---|
| 2025-07-09 | Sold | $290,000 |
| 2025-06-02 | Pending sale | $299,900 |
| 2025-05-29 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $4019.42 | 27.24% | $102,000 | 39.04% |
| 2023-10-29 | $3158.84 | -2.60% | $73,360 | N/A |
| 2022-10-29 | $3243.04 | 0.04% | $73,360 | N/A |
Listed by: Temple Wright • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307084
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.
