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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 2123 University Blvd, Lima, OH, 45805 offers a 13.14% rental yield on a $148,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $724/mo payment leaves $647/mo available for distribution. Annual cash flow reaches $7,762/yr on $49,062 to close, and return on cash invested stands at 35.73% in year one. Equity gained on principal adds $955/yr while 5% annual appreciation supports $40,890 over five years. Portfolio math shows five-year ROI at 188.19% and total cumulative return in cash at $92,330. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $724/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.28 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 |
|---|---|---|
| 1993-03-25 | Sold | $48,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-21 | $1156.34 | -0.52% | $27,590 | N/A |
| 2022-11-21 | $1162.40 | -5.49% | $27,590 | N/A |
| 2021-11-21 | $1229.92 | 9.96% | $27,590 | 25.12% |
Listed by: Sarah Thompson • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305541
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.
