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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 1611 Lancewood Pl, Lima, OH, 45805 priced at $229,900 converts $1,620/mo rent into $108/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $1,296/yr on $76,212 invested. Return on cash invested prints 21.61% in year one, and rental yield reads 8.46% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 112.45% and total cumulative return in cash sums $85,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.26 Acres 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 |
|---|---|---|
| 2025-02-26 | Listed for sale | $229,900 |
| 2019-08-13 | Sold | $140,000 |
| 2019-08-03 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-27 | $1466.06 | -5.19% | $47,820 | N/A |
| 2022-02-27 | $1546.34 | 0.45% | $47,820 | N/A |
| 2021-02-27 | $1539.48 | 54.60% | $47,820 | 35.39% |
Listed by: Renee Smiley • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306363
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.
