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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 220 W North St, Lima, OH, 45807 offers $2,280/mo rent that, after a $844/mo payment, leaves $1,146/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $13,747/yr on $57,184 cash. Return on cash invested measures 43.95% in year one, and rental yield stands at 15.86% at a $172,500 entry. Equity gained on principal adds $1,113/yr while 5% annual appreciation compounds into $47,659 by year five. Five-year ROI records 232.29% and total cumulative return in cash reaches $132,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $844/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Date | Event | Price |
|---|---|---|
| 2025-08-04 | Sold | $172,500 |
| 2025-07-07 | Pending sale | $182,500 |
| 2025-06-16 | Listed for sale | $182,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $1390.72 | 16.73% | $31,820 | 30.95% |
| 2023-10-28 | $1191.40 | -1.97% | $24,300 | N/A |
| 2022-10-28 | $1215.36 | -0.50% | $24,300 | N/A |
Listed by: Linda Painter-Stemen • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307390
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.
