2419 Britt AveLimaOH45806
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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 2419 Britt Ave, Lima, OH, 45806 generates $1,885/mo in rent and, after a $1,175/mo payment, leaves $306/mo in cash flow. Total monthly income is $1,885/mo, and annual cash flow is $3,672/yr on $79,560 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 9.43% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 128.09% and total cumulative return in cash sums $101,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,885/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
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Listed by: Connie Thompson • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306835
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.