2275 N Cable Rd APT 165LimaOH45807
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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
Investment Highlights
Rental property for sale in Lima at 2275 N Cable Rd APT 165, Lima, OH, 45807 generates $1,987/mo in rent and, after a $629/mo payment, leaves $956/mo in cash flow. Total monthly income is $1,987/mo, and annual cash flow is $11,468/yr on $42,598 invested. Return on cash invested sits at 46.83% in year one, and rental yield is 18.56% on a $128,500 entry. Equity gained on principal adds $829/yr, while 5% annual appreciation builds toward $35,502 over five years. Five-year ROI reaches 249.67% and total cumulative return in cash sums $106,356. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,987/mo property income rather than buyer’s personal income.
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
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Listed by: Jeremy Huebner • Binkley Real Estate, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1031982
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.