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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 1559 W High St, Lima, OH, 45805 priced at $159,900 converts $1,943/mo rent into $891/mo cash flow after a $783/mo obligation. Total monthly income equals $1,943/mo, and annual cash flow totals $10,690/yr on $53,007 invested. Return on cash invested prints 40.08% in year one, and rental yield reads 14.58% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 211.5% and total cumulative return in cash sums $112,110. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,943/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1924
7,405 sqft 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 |
|---|---|---|
| 2017-06-02 | Sold | $63,000 |
| 2013-10-04 | Listing removed | $77,000 |
| 2013-04-02 | Listed for sale | $77,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-21 | $1317.42 | -0.55% | $31,750 | N/A |
| 2022-11-21 | $1324.74 | 0.15% | $31,750 | 6.44% |
| 2021-11-21 | $1322.70 | 7.26% | $29,830 | 21.76% |
Listed by: Dawne Anderson • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305651
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.
