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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 2167 Odema Dr, Lima, OH, 45806 uses $77,903 cash to close to unlock $16,733/yr annual cash flow and $1,394/mo monthly cash flow. Total monthly income runs $2,940/mo, and a $1,150/mo payment keeps the spread at $1,394/mo. Purchase price stands at $235,000, and rental yield measures 15.01% with $2,940/mo rent. Return on cash invested shows 41.39% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 218.57% and total cumulative return in cash records $170,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,940/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2024-09-07 | Price change | $235,000 |
| 2024-08-30 | Listed for sale | $240,000 |
| 2015-05-08 | Sold | $72,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $2491.38 | -0.70% | $44,770 | N/A |
| 2022-09-14 | $2509.04 | -0.10% | $44,770 | N/A |
| 2021-09-14 | $2511.52 | 29.09% | $44,770 | 9.04% |
Listed by: Kristen Archer • Binkley Real Estate- Lima
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305000
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.
