1607 W Wayne St, Lima, OH, 45805 | $234/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1607 W Wayne St, Lima, OH, 45805 | $234/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lima at 1607 W Wayne St, Lima, OH, 45805 listed at $165,000 pairs $1,320/mo rent with a $808/mo payment to leave $234/mo cash flow. Total monthly income runs $1,320/mo, and annual cash flow reaches $2,811/yr on $54,698 cash to close. Return on cash invested measures 25.05% in year one, and rental yield registers 9.6% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 131% and total cumulative return in cash totals $71,651. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,320/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1924

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this cozy 2-bedroom, 1.5-bath home offering a convenient layout and a large attic perfect for additional storage. The warm and inviting living spaces make it easy to feel right at home, while the well-designed floor plan provides effortless flow for everyday living. Outside, you'll find a spacious 2-car detached garageideal for vehicles, hobbies, or even more storage. The backyard offers a comfortable and usable outdoor space, perfect for relaxing, entertaining, or enjoying your favorite activities. With a motivated seller and so much to offer, this home is ready for its next owners to make it their own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 45805, Lima, OH area.

Housing Distribution

Housing Statistics

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