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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% |
Investment property for sale in Lima at 1610 Frail Rd, Lima, OH, 45806 listed at $175,000 pairs $1,353/mo rent with a $857/mo payment to leave $196/mo cash flow. Total monthly income runs $1,353/mo, and annual cash flow reaches $2,357/yr on $58,013 cash to close. Return on cash invested measures 23.97% in year one, and rental yield registers 9.28% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 125.22% and total cumulative return in cash totals $72,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,353/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2025-02-25 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-27 | $2718.91 | 9.01% | $39,550 | N/A |
| 2022-02-27 | $2494.17 | 8.29% | $39,550 | N/A |
| 2021-02-27 | $2303.15 | 78.51% | $39,550 | 10.23% |
Listed by: CJ Steinke • Merritt Real Estate Professionals
Mls Name: WRIST
Mls Provider:
Mls ID: #1037078
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.
