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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 218 W Grand Ave, Lima, OH, 45801 uses $39,780 cash to close to unlock $6,972/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $1,370/mo, and a $587/mo payment keeps the spread at $581/mo. Purchase price stands at $120,000, and rental yield measures 13.7% with $1,370/mo rent. Return on cash invested shows 37.44% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 197.33% and total cumulative return in cash records $78,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,370/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2024-10-01 | Price change | $120,000 |
| 2024-09-04 | Price change | $128,000 |
| 2024-08-02 | Listed for sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1213.39 | 0.23% | $19,330 | N/A |
| 2022-10-16 | $1210.65 | 33.91% | $19,330 | N/A |
| 2021-10-16 | $904.07 | -4.41% | $19,330 | 7.87% |
Listed by: Ashleigh Mangini • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304708
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.
