2275 N Cable Rd APT 165LimaOH45807
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 2275 N Cable Rd APT 165, Lima, OH, 45807 in Lima: $1,987/mo in rent, $956/mo net, 18.56% gross yield, all on a $128,500 acquisition. The 3.44 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $35,502 in value, and $1,184/yr in principal paydown steadily builds equity. Projected total cumulative return: $111,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.6% | 6.8% |
| Monthly Cash Flow | $956 | $520 |
City averages based on Lima market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,987 |
| Total Monthly Debt Service | $980 |
| DSCR Ratio | 2.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1970
N/A lot
$N/A/sqft
$186 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1970
N/A lot
$N/A/sqft
$186 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices