1776 Virginia AveLimaOH45801
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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
Investment Highlights
Rental property for sale in Lima at 1776 Virginia Ave, Lima, OH, 45801 generates $1,444/mo in rent and, after a $1,003/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,444/mo, and annual cash flow is $1,151/yr on $67,958 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 8.45% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 112.44% and total cumulative return in cash sums $76,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
9,583 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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