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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 3110 E Bluelick Rd, Lima, OH, 45801 generates $1,027/mo in rent, after a $1,957/mo payment. Total monthly income is $1,027/mo. Return on cash invested sits at 5.4% in year one, and rental yield is 3.08% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 25.53% and total cumulative return in cash sums $33,848. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
4.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-15 | $284.92 | -0.81% | $6,020 | N/A |
| 2022-04-15 | $287.26 | -7.16% | $6,020 | N/A |
| 2021-04-15 | $309.43 | -11.76% | $6,020 | -7.53% |
Listed by: Kelley Saam • Binkley Real Estate, LLC
Mls Name: WRIST
Mls Provider:
Mls ID: #1038026
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.
