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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 155 Eagles Point S, Lima, OH, 45805 priced at $285,000 converts $2,626/mo rent into $576/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,626/mo, and annual cash flow totals $6,915/yr on $94,478 invested. Return on cash invested prints 27.23% in year one, and rental yield reads 11.06% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 143.43% and total cumulative return in cash sums $135,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,626/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$175 monthly 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $285,000 |
| 2020-10-27 | Sold | $210,000 |
| 2020-10-07 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $3086.83 | -0.67% | $61,950 | N/A |
| 2022-04-17 | $3107.66 | -0.90% | $61,950 | N/A |
| 2021-04-17 | $3135.94 | 25.73% | $61,950 | 25.43% |
Listed by: Debbie Lane • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306757
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.
