1820 Bowman RdLimaOH45804
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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 1820 Bowman Rd, Lima, OH, 45804 generates $1,353/mo in rent and, after a $832/mo payment, leaves $235/mo in cash flow. Total monthly income is $1,353/mo, and annual cash flow is $2,818/yr on $56,355 invested. Return on cash invested sits at 24.91% in year one, and rental yield is 9.55% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 130.16% and total cumulative return in cash sums $73,353. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,353/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
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