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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 1550 E Eureka St, Lima, OH, 45804 generates $935/mo in rent and, after a $590/mo payment, leaves $142/mo in cash flow. Total monthly income is $935/mo, and annual cash flow is $1,706/yr on $39,946 invested. Return on cash invested sits at 24.18% in year one, and rental yield is 9.31% on a $120,500 entry. Equity gained on principal adds $778/yr, while 5% annual appreciation builds toward $33,292 over five years. Five-year ROI reaches 126.4% and total cumulative return in cash sums $50,492. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $935/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,766 (100%) |
| Owner Occupied HU | 3,189 (47.1%) |
| Renter Occupied HU | 2,826 (41.8%) |
| Vacant Housing Units | 751 (11.1%) |
| Median Home Value | $92,500 |
| Average Home Value | $135,487 |
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Listed for sale | $120,500 |
| 2017-10-31 | Sold | $69,600 |
| 2017-09-22 | Listed for sale | $68,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $581.74 | -3.03% | $22,370 | N/A |
| 2022-02-15 | $599.92 | -5.45% | $22,370 | N/A |
| 2021-02-15 | $634.48 | -22.31% | $22,370 | -9.51% |
Listed by: Bruce Binkley • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306250
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.
