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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 2021 Lakewood Ave, Lima, OH, 45805 with 5% annual appreciation on a $190,000 basis while $1,868/mo rent supports operations. Total monthly income totals $1,868/mo and a $930/mo payment preserves $618/mo for cash returns. Annual cash flow comes to $7,418/yr on $62,985 deployed, and return on cash invested reaches 31.69% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 11.8%. Five-year ROI measures 166.57% and total cumulative return in cash totals $104,916.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,868/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
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 |
|---|---|---|
| 2024-10-04 | Listed for sale | $190,000 |
| 2022-06-13 | Sold | $159,750 |
| 2022-05-20 | Pending sale | $147,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1374.54 | -0.56% | $33,220 | N/A |
| 2022-10-16 | $1382.30 | -5.58% | $33,220 | N/A |
| 2021-10-16 | $1464.06 | 1.35% | $33,220 | 17.72% |
Listed by: Joshua Johnson • Gray Realty, LLC
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305328
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.
