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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 1501 W Spring St, Lima, OH, 45805 earns $42/mo cash flow from $1,620/mo rent with a $1,174/mo payment. Total monthly income totals $1,620/mo, and annual cash flow totals $506/yr on $79,527 capital. ROI tracks 20.55% on current figures, and rental yield reads 8.1% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 106.81% and total cumulative return in cash sums $84,943. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,620/mo property income instead of your personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| 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 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $239,900 |
| 2024-10-15 | Sold | $8,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-23 | $225.00 | 0.49% | $3,540 | N/A |
| 2022-05-23 | $223.90 | -2.91% | $3,540 | N/A |
| 2021-05-23 | $230.62 | -12.74% | $3,540 | -7.33% |
Listed by: Jason Liening • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307136
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.
