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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 2838 Riverwalk Blvd, Lima, OH, 45806 with 5% annual appreciation on a $325,000 basis while $1,248/mo rent supports operations. 82% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 4.61%. Five-year ROI measures 34.32% and total cumulative return in cash totals $36,973. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,248/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2009
N/A lot
$N/A/sqft
$285 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $325,000 |
| 2011-12-12 | Sold | $189,000 |
| 2009-12-16 | Sold | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $3964.46 | -0.75% | $70,210 | N/A |
| 2022-04-02 | $3994.22 | 1.72% | $70,210 | N/A |
| 2021-04-02 | $3926.60 | 31.44% | $70,210 | 10.22% |
Listed by: Jim Maidon • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306628
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.
