1628 Karen St, Lima, OH, 45801 | $172/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1628 Karen St, Lima, OH, 45801 | $172/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lima at 1628 Karen St, Lima, OH, 45801 listed at $135,000 pairs $1,060/mo rent with a $661/mo payment to leave $172/mo cash flow. Total monthly income runs $1,060/mo, and annual cash flow reaches $2,061/yr on $44,753 cash to close. Return on cash invested measures 24.51% in year one, and rental yield registers 9.42% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 128.04% and total cumulative return in cash totals $57,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,060/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1957

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1628 Karen St Lima Ohio. Do not hesitate to schedule your personal showing of this ranch style home, located on the North side of Lima. This property offers features like 3 bedrooms, 1 bath, an attached 1 car garage and 924sq.ft. unfinished basement. Many items have been updated on this home including the big front windows in the family room. I suggest seeing this property as soon as possible. Call an agent today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45801, Lima, OH area.

Housing Distribution

Housing Statistics

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