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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 2069 High Ridge Rd, Lima, OH, 45805 offers a 9.97% rental yield on a $315,000 purchase with $2,617/mo rent. Total monthly income registers $2,617/mo, and a $1,542/mo payment leaves $545/mo available for distribution. Annual cash flow reaches $6,537/yr on $104,423 to close, and return on cash invested stands at 26.17% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 136.93% and total cumulative return in cash at $142,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,617/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
8,712 sqft 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 |
|---|---|---|
| 2017-07-11 | Sold | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-30 | $3948.64 | -0.05% | $70,740 | N/A |
| 2022-05-30 | $3950.62 | -0.46% | $70,740 | N/A |
| 2021-05-30 | $3968.78 | 44.80% | $70,740 | 21.73% |
Listed by: Ashleigh Mangini • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307199
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.
