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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% |
Rental property for sale in Lima at 1524 W Spring St, Lima, OH, 45805 generates $2,213/mo in rent and, after a $1,321/mo payment, leaves $438/mo in cash flow. Total monthly income is $2,213/mo, and annual cash flow is $5,252/yr on $89,472 invested. Return on cash invested sits at 25.78% in year one, and rental yield is 9.84% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash sums $120,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,213/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.25 Acres 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 |
|---|---|---|
| 2025-06-30 | Listed for sale | $269,900 |
| 2024-07-22 | Sold | $90,000 |
| 2024-07-08 | Pending sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $955.44 | 20.74% | $35,600 | 30.02% |
| 2023-07-02 | $791.30 | -2.43% | $27,380 | N/A |
| 2022-07-02 | $811.00 | -5.23% | $27,380 | N/A |
Listed by: Chastity Butterfield-Contini • Hartsock Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307537
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.
