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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 1509 W Wayne St, Lima, OH, 45805 offers a 16.01% rental yield on a $142,000 purchase with $1,895/mo rent. Total monthly income registers $1,895/mo, and a $695/mo payment leaves $961/mo available for distribution. Annual cash flow reaches $11,532/yr on $47,073 to close, and return on cash invested stands at 44.41% in year one. Equity gained on principal adds $916/yr while 5% annual appreciation supports $39,232 over five years. Portfolio math shows five-year ROI at 234.71% and total cumulative return in cash at $110,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,895/mo property income against a $695/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
N/A 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 |
|---|---|---|
| 2025-09-26 | Sold | $142,000 |
| 2025-09-01 | Contingent | $139,900 |
| 2025-08-28 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1020.66 | 20.30% | $37,520 | 30.05% |
| 2023-10-25 | $848.42 | -2.32% | $28,850 | N/A |
| 2022-10-25 | $868.56 | -5.28% | $28,850 | N/A |
Listed by: Non Member • Non-member Office
Mls Name: WCAR OH
Mls Provider:
Mls ID: #308389
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.
