2956 W High St, Lima, OH, 45807 | $189/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2956 W High St, Lima, OH, 45807 | $189/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lima at 2956 W High St, Lima, OH, 45807 offers a 9.23% rental yield on a $169,900 purchase with $1,307/mo rent. Total monthly income registers $1,307/mo, and a $832/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,268/yr on $56,322 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 124.94% and total cumulative return in cash at $70,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,307/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1963

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Well maintained 3 bedroom, 2 bath home located in the desirable Shawnee School District. Situated in a quiet and established neighborhood, this property offers comfort, functionality and space for everyday for living. Features include a large living room perfect for relaxing or entertaining. The kitchen provides ample-cabinetry with an eat in bar/workspace. The primary bedroom includes an en-suite bath for added privacy. This home also offers a 2-car attached garage and is close to all shopping, restaurants and schools.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45807, Lima, OH area.

Housing Distribution

Housing Statistics

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