3031 Yoakam Rd, Lima, OH, 45806 | $707/mo Cash Flow

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3031 Yoakam Rd, Lima, OH, 45806 | $707/mo Cash Flow | Ziffy

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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 3031 Yoakam Rd, Lima, OH, 45806 earns $707/mo cash flow from $2,351/mo rent with a $1,223/mo payment. Total monthly income totals $2,351/mo, and annual cash flow totals $8,488/yr on $82,842 capital. ROI tracks 30.15% on current figures, and rental yield reads 11.29% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 158.33% and total cumulative return in cash sums $131,162. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,351/mo property income instead of your personal income.

Single Family

Built in 1972

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3031 Yoakam Road - A Spacious, Updated Ranch with Room to Relax and Work, Inside and Out This spacious 2,095 sq ft ranch offers a flexible layout, recent mechanical upgrades, and desirable outdoor featuresperfect for anyone seeking space, comfort, and functionality. Located in a quiet, established area, the home includes multiple living spaces and thoughtful updates throughout. Step inside to find both a large living room and a separate family room, ideal for entertaining, hosting guests, or creating dedicated spaces for work or relaxation. The home offers three well-proportioned bedrooms, including an oversized primary suite with a walk-in closet and a beautifully updated private bathroom completed in 2021. A second full bathroom adds convenience and accessibility. A unique feature of the home is the additional kitchenette, offering versatile use as a prep area, wet bar, or workspace for hobbies or side projects. Whether you need extra function or want the option to create a semi-private living area, the setup adds valuable flexibility. The fully fenced backyard offers a private outdoor retreat with room to unwind, garden, or entertain. A brand-new shed with electric service adds even more usable spaceperfect for storage, a workshop, or creative projects. Recent mechanical upgrades include a new gas furnace and central air conditioning, both installed in 2022, providing energy-efficient comfort year-round. The attached 2-car garage offers secure parking and additional storage options. With a great location, updated systems, and a spacious single-level layout, 3031 Yoakam Road is a move-in-ready home with endless potential. Come see what sets this property apart.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45806, Lima, OH area.

Housing Distribution

Housing Statistics

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