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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% |
Rental property for sale in Lima at 2023 Arlington Dr, Lima, OH, 45805 priced at $193,125 pairs $1,842/mo rent with $572/mo cash flow after a $945/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $6,863/yr on $64,021 invested. Return on cash invested is 30.63% in year one, and rental yield stands at 11.45% on a $193,125 basis. Equity gained on principal adds $1,246/yr, and 5% annual appreciation accumulates to $53,357 by year five. Five-year ROI measures 160.82% and total cumulative return in cash reaches $102,957. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $945/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.26 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 |
|---|---|---|
| 2025-07-03 | Sold | $193,125 |
| 2025-05-07 | Pending sale | $187,500 |
| 2025-05-05 | Listed for sale | $187,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $1980.12 | 16.42% | $55,240 | 26.06% |
| 2023-10-14 | $1700.84 | -3.13% | $43,820 | N/A |
| 2022-10-14 | $1755.86 | -0.36% | $43,820 | N/A |
Listed by: Beverly Rex-Cook • Ron Spencer Real Estate
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306952
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.
