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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 1619 N Main St, Lima, OH, 45801 priced at $135,000 converts $1,394/mo rent into $506/mo cash flow after a $661/mo obligation. Total monthly income equals $1,394/mo, and annual cash flow totals $6,069/yr on $44,753 invested. Return on cash invested prints 33.47% in year one, and rental yield reads 12.39% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 176.12% and total cumulative return in cash sums $78,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,394/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $679.71 | -1.79% | $24,470 | N/A |
| 2022-10-16 | $692.13 | -5.45% | $24,470 | N/A |
| 2021-10-16 | $732.01 | 16.13% | $24,470 | 19.66% |
Listed by: Kelly Martino • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305376
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.
