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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 2866 Whippoorwill Ave, Lima, OH, 45807 priced at $299,900 converts $1,110/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,110/mo. Return on cash invested prints 9.49% in year one, and rental yield reads 4.44% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 47.55% and total cumulative return in cash sums $47,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,110/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Date | Event | Price |
|---|---|---|
| 2025-01-16 | Listed for sale | $299,900 |
| 2023-12-22 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $2737.44 | -2.72% | $65,460 | N/A |
| 2022-02-15 | $2813.84 | -0.50% | $65,460 | N/A |
| 2021-02-15 | $2828.08 | 13.64% | $65,460 | 17.54% |
Listed by: Roberta Buzzard • Sluss Realty Company
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306047
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.
