1818 Rice Ave, Lima, OH, 45805 | $220/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1818 Rice Ave, Lima, OH, 45805 | $220/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 1818 Rice Ave, Lima, OH, 45805 listed at $176,900 pairs $1,384/mo rent with a $866/mo payment to leave $220/mo cash flow. Total monthly income runs $1,384/mo, and annual cash flow reaches $2,643/yr on $58,642 cash to close. Return on cash invested measures 24.42% in year one, and rental yield registers 9.39% at a $176,900 basis. Equity gained on principal adds $1,142/yr, and annual property appreciation at 5% supports $48,874 by year five. Five-year ROI tracks 127.57% and total cumulative return in cash totals $74,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,384/mo property income relative to a $866/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1961

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Ranch in Westgate! This 3-bedroom, 1.5-bath ranch home with a basement is a rare find in the desirable Westgate area. Featuring a full basement for extra living or storage space, a fenced backyard with a handy shed, and a convenient location close to shopping, dining, and entertainment. Don't miss your chance to make this welcoming home yours! Updates in 2016 include roof, sump pump, furnace, hot water tank. Updates in 2025 tub and sink in main floor bathroom.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45805, Lima, OH area.

Housing Distribution

Housing Statistics

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