1487 Lake Front BlvdNorth LimaOH44452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1487 Lake Front Blvd, North Lima, OH, 44452 generates $2,386/mo in rent and, after a $1,542/mo payment, leaves $81/mo in cash flow. Total monthly income is $2,386/mo, and annual cash flow is $969/yr on $104,423 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 9.09% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 109.3% and total cumulative return in cash sums $114,137. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,386/mo property income rather than buyer’s personal income.
Condo
Built in 2009
1,955 sqft lot
$N/A/sqft
$233 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
Nearby investment properties with comparable prices
Listed by: Traci Hardy • Burgan Real Estate
Mls Name: MLS Now
Mls Provider:
Mls ID: #5068378
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2025 - Multiple Listing Service, Inc. All Rights Reserved.