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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 2963 Zurmehly Rd, Lima, OH, 45806 priced at $279,900 converts $1,950/mo rent into $109/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $1,306/yr on $92,787 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 8.36% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 110.9% and total cumulative return in cash sums $102,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.79 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-18 | Listed for sale | $279,900 |
| 2025-01-30 | Sold | $145,000 |
| 2024-11-13 | Pending sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-19 | $2086.56 | -2.20% | $37,730 | -1.46% |
| 2022-03-19 | $2133.44 | -0.46% | $38,290 | N/A |
| 2021-03-19 | $2143.26 | 41.35% | $38,290 | 18.51% |
Listed by: Jason Liening • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306517
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.
