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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 2505 Struthmore Dr, Lima, OH, 45806 offers $1,207/mo rent that, after a $783/mo payment. Total monthly income is $1,207/mo. Return on cash invested measures 17.98% in year one, and rental yield stands at 9.05% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 94.98% and total cumulative return in cash reaches $50,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,207/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$240 monthly 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 |
|---|---|---|
| 2020-08-07 | Sold | $106,000 |
| 2020-07-27 | Pending sale | $110,000 |
| 2020-07-02 | Listed for sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-08 | $1975.36 | 0.18% | $33,950 | N/A |
| 2022-05-08 | $1971.78 | 0.48% | $33,950 | N/A |
| 2021-05-08 | $1962.27 | 80.26% | $33,950 | 9.34% |
Listed by: Maria Sanko • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306961
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.
