1515 Cessna AveLimaOH45807
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
Investment property for sale in Lima at 1515 Cessna Ave, Lima, OH, 45807 uses $101,108 cash to close to unlock $7,231/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $2,609/mo, and a $1,493/mo payment keeps the spread at $603/mo. Purchase price stands at $305,000, and rental yield measures 10.26% with $2,609/mo rent. Return on cash invested shows 27.06% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 141.72% and total cumulative return in cash records $143,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,609/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices