2964 Hanover DrLimaOH45805
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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
Investment Highlights
Rental property for sale in Lima at 2964 Hanover Dr, Lima, OH, 45805 generates $2,089/mo in rent and, after a $1,164/mo payment, leaves $525/mo in cash flow. Total monthly income is $2,089/mo, and annual cash flow is $6,294/yr on $78,864 invested. Return on cash invested sits at 27.89% in year one, and rental yield is 10.54% on a $237,900 entry. Equity gained on principal adds $1,535/yr, while 5% annual appreciation builds toward $65,727 over five years. Five-year ROI reaches 146.17% and total cumulative return in cash sums $115,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,089/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Housing Distribution
Address Breakdown
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
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