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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 3051 Inwood Dr, Lima, OH, 45806 priced at $269,900 converts $2,700/mo rent into $925/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $11,096/yr on $89,472 invested. Return on cash invested prints 32.31% in year one, and rental yield reads 12% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 169.87% and total cumulative return in cash sums $151,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.34 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 |
|---|---|---|
| 2024-10-15 | Listed for sale | $269,900 |
| 2020-04-24 | Sold | $185,000 |
| 2020-04-10 | Pending sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3504.52 | -1.11% | $63,210 | N/A |
| 2022-10-16 | $3543.98 | 0.10% | $63,210 | N/A |
| 2021-10-16 | $3540.54 | 54.28% | $63,210 | 31.14% |
Listed by: Denise Spicer • Binkley Real Estate- Lima
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305414
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.
