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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 1851 Wendell Ave, Lima, OH, 45805 uses $84,533 cash to close to unlock $8,817/yr annual cash flow and $735/mo monthly cash flow. Total monthly income runs $2,412/mo, and a $1,248/mo payment keeps the spread at $735/mo. Purchase price stands at $255,000, and rental yield measures 11.35% with $2,412/mo rent. Return on cash invested shows 30.34% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 159.29% and total cumulative return in cash records $134,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,412/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1962
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 |
|---|---|---|
| 2025-08-18 | Sold | $255,000 |
| 2025-07-21 | Pending sale | $265,000 |
| 2025-07-09 | Price change | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $2638.50 | 27.15% | $75,320 | 46.97% |
| 2023-10-18 | $2075.12 | -0.63% | $51,250 | N/A |
| 2022-10-18 | $2088.30 | -5.75% | $51,250 | N/A |
Listed by: Dawn Iiames • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307304
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.
