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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 2319 Britt Ave, Lima, OH, 45806 priced at $240,000 converts $1,916/mo rent into $337/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,916/mo, and annual cash flow totals $4,044/yr on $79,560 invested. Return on cash invested prints 24.99% in year one, and rental yield reads 9.58% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 130.59% and total cumulative return in cash sums $103,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,916/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2025-01-17 | Listed for sale | $240,000 |
| 2017-11-03 | Sold | $113,000 |
| 2017-10-10 | Price change | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $2325.56 | -7.00% | $41,480 | N/A |
| 2022-02-15 | $2500.60 | 6.98% | $41,480 | N/A |
| 2021-02-15 | $2337.46 | 46.11% | $41,480 | 22.90% |
Listed by: Steven Shulaw • KW Greater Columbus Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306033
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.
