1483 Lake Front BlvdNorth LimaOH44452
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No similar rental properties found nearby.
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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
Rental property for sale in North Lima at 1483 Lake Front Blvd, North Lima, OH, 44452 generates $0/mo in rent, after a $2,300/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -4.87% in year one, and rental yield is 0% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44452, North Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 862 (73.6%) |
| Renter Occupied HU | 224 (19.1%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $296,104 |
| Average Home Value | $299,762 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,129
Multi-Family
49
Businesses
223
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: John V McCarthy • Mayo & Associates, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5065786
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