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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 1800 Garland Ave, Lima, OH, 45804 offers a 11.4% rental yield on a $240,000 purchase with $2,280/mo rent. Total monthly income registers $2,280/mo, and a $1,175/mo payment leaves $701/mo available for distribution. Annual cash flow reaches $8,412/yr on $79,560 to close, and return on cash invested stands at 30.48% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 160.03% and total cumulative return in cash at $127,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,280/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,766 (100%) |
| Owner Occupied HU | 3,189 (47.1%) |
| Renter Occupied HU | 2,826 (41.8%) |
| Vacant Housing Units | 751 (11.1%) |
| Median Home Value | $92,500 |
| Average Home Value | $135,487 |
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Listed for sale | $240,000 |
| 2016-09-28 | Sold | $109,899 |
| 2016-08-06 | Listed for sale | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $2043.49 | -4.36% | $51,490 | 5.00% |
| 2023-06-26 | $2136.65 | -0.72% | $49,040 | N/A |
| 2022-06-26 | $2152.25 | 1.26% | $49,040 | N/A |
Listed by: Shaun Richardson • EXP Realty-Dublin
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307493
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.
