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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 1612 Wendell Ave, Lima, OH, 45805 uses $66,267 cash to close to unlock $3,666/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $978/mo payment keeps the spread at $306/mo. Purchase price stands at $199,900, and rental yield measures 9.72% with $1,620/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 133.04% and total cumulative return in cash records $88,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1931
0.28 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 |
|---|---|---|
| 2018-08-17 | Sold | $106,500 |
| 2010-04-07 | Sold | $108,000 |
| 2009-10-15 | Sold | $108,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $1455.28 | -0.57% | $35,280 | N/A |
| 2022-09-14 | $1463.66 | -5.61% | $35,280 | N/A |
| 2021-09-14 | $1550.68 | 9.32% | $35,280 | 24.14% |
Listed by: Sarah Thompson • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305021
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.
