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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% |
Rental property for sale in Lima at 1802 W High St, Lima, OH, 45805 offers $1,080/mo rent that, after a $808/mo payment. Total monthly income is $1,080/mo. Return on cash invested measures 19.78% in year one, and rental yield stands at 7.85% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 102.74% and total cumulative return in cash reaches $56,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Pending sale | $165,000 |
| 2024-10-13 | Listed for sale | $165,000 |
| 2021-10-01 | Sold | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1113.42 | -0.51% | $26,500 | N/A |
| 2022-10-16 | $1119.16 | -7.82% | $26,500 | N/A |
| 2021-10-16 | $1214.06 | 7.98% | $26,500 | 22.69% |
Listed by: Lisa Cummins • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305353
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.
