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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 1641 Lutz Rd, Lima, OH, 45801 listed at $334,900 pairs $2,279/mo rent with a $1,639/mo payment to leave $76/mo cash flow. Total monthly income runs $2,279/mo, and annual cash flow reaches $915/yr on $111,019 cash to close. Return on cash invested measures 20.73% in year one, and rental yield registers 8.17% at a $334,900 basis. Equity gained on principal adds $2,161/yr, and annual property appreciation at 5% supports $92,527 by year five. Five-year ROI tracks 107.8% and total cumulative return in cash totals $119,677. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,279/mo property income relative to a $1,639/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
1.50 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $334,900 |
| 2022-04-27 | Sold | $267,000 |
| 2022-03-31 | Pending sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $4700.15 | 36.32% | $106,720 | 40.00% |
| 2023-06-26 | $3447.97 | -0.18% | $76,230 | N/A |
| 2022-06-26 | $3454.09 | -0.66% | $76,230 | N/A |
Listed by: Kelly Martino • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307492
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.
