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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 2304 Chipman Ave, Lima, OH, 45805 offers a 9.86% rental yield on a $159,000 purchase with $1,306/mo rent. Total monthly income registers $1,306/mo, and a $778/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,124/yr on $52,709 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 135.21% and total cumulative return in cash at $71,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,306/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2024-11-20 | Listed for sale | $159,000 |
| 2021-06-02 | Sold | $75,000 |
| 2021-04-14 | Contingent | $71,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | $709.62 | -0.75% | $12,820 | N/A |
| 2022-01-11 | $714.96 | -2.59% | $12,820 | N/A |
| 2021-01-11 | $733.94 | 20.21% | $12,820 | 1.10% |
Listed by: Alan Tyrrell Jr. • eXp Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305710
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.
