234 S Westwood DrLimaOH45805
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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
Investment property for sale in Lima at 234 S Westwood Dr, Lima, OH, 45805 uses $67,958 cash to close to unlock $791/yr annual cash flow and $66/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $1,003/mo payment keeps the spread at $66/mo. Purchase price stands at $205,000, and rental yield measures 8.28% with $1,414/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 109.59% and total cumulative return in cash records $74,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1977
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
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