318 E North StElidaOH45807
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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
Investment property for sale in Elida at 318 E North St, Elida, OH, 45807 uses $92,489 cash to close to unlock $9,736/yr annual cash flow and $811/mo monthly cash flow. Total monthly income runs $2,647/mo, and a $1,366/mo payment keeps the spread at $811/mo. Purchase price stands at $279,000, and rental yield measures 11.38% with $2,647/mo rent. Return on cash invested shows 30.44% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 159.84% and total cumulative return in cash records $147,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,647/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
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Listed by: Kayla Boss • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306603
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.