Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1624 N Central Ave, Lima, OH, 45801 generates $951/mo in rent and, after a $612/mo payment, leaves $129/mo in cash flow. Total monthly income is $951/mo, and annual cash flow is $1,543/yr on $41,438 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 9.13% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $51,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $951/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
N/A 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 |
|---|---|---|
| 2025-05-28 | Listed for sale | $125,000 |
| 2020-09-29 | Sold | $65,000 |
| 2013-01-24 | Sold | $14,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-29 | $906.19 | 0.25% | $21,140 | N/A |
| 2022-05-29 | $903.89 | -5.60% | $21,140 | N/A |
| 2021-05-29 | $957.53 | 27.69% | $21,140 | 52.42% |
Listed by: Tricia Ciminillo • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307189
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.
