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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 3120 E Bluelick Rd, Lima, OH, 45801 offers $2,238/mo rent that, after a $1,957/mo payment. Total monthly income is $2,238/mo. Return on cash invested measures 16.36% in year one, and rental yield stands at 6.72% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 84.3% and total cumulative return in cash reaches $111,752. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,238/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
2.54 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 |
| 2023-09-26 | Sold | $376,000 |
| 2023-09-05 | Contingent | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $1777.36 | -0.99% | $39,590 | N/A |
| 2022-04-16 | $1795.06 | -1.69% | $39,590 | N/A |
| 2021-04-16 | $1825.91 | 4.24% | $39,590 | 11.43% |
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.
