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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 1855 Wendell Ave, Lima, OH, 45805 with 5% annual appreciation on a $208,000 basis while $1,837/mo rent supports operations. Total monthly income totals $1,837/mo and a $1,018/mo payment preserves $469/mo for cash returns. Annual cash flow comes to $5,626/yr on $68,952 deployed, and return on cash invested reaches 28.07% in year one. Equity gained on principal adds $1,342/yr, and five-year appreciation sums $57,467 alongside rental yield of 10.6%. Five-year ROI measures 147.11% and total cumulative return in cash totals $101,436.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,837/mo property income versus a $1,018/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.31 Acres 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 |
|---|---|---|
| 2024-09-30 | Listed for sale | $208,000 |
| 2012-12-17 | Sold | $91,000 |
| 2000-06-21 | Sold | $85,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1573.10 | -0.59% | $38,330 | N/A |
| 2022-10-16 | $1582.38 | -5.65% | $38,330 | N/A |
| 2021-10-16 | $1677.12 | 2.24% | $38,330 | 15.63% |
Listed by: Tim Stanford • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305268
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.
