Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2275 N Cable Rd APT 60, Lima, OH, 45807 generates $857/mo in rent, after a $538/mo payment. Total monthly income is $857/mo. Return on cash invested sits at 18.19% in year one, and rental yield is 9.35% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 96.35% and total cumulative return in cash sums $35,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $857/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$186 monthly 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $110,000 |
| 2022-08-18 | Sold | $67,000 |
| 2009-02-02 | Sold | $35,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-06 | $620.52 | -1.93% | $12,150 | N/A |
| 2022-04-06 | $632.76 | -0.09% | $12,150 | N/A |
| 2021-04-06 | $633.32 | 22.87% | $12,150 | 31.49% |
Listed by: Julie Schneider • Merritt Real Estate Professionals
Mls Name: WRIST
Mls Provider:
Mls ID: #1037833
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.
