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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% |
Investment property for sale in Lima at 338 S Charles St, Lima, OH, 45805 listed at $215,000 pairs $1,469/mo rent with a $1,052/mo payment to leave $55/mo cash flow. Total monthly income runs $1,469/mo, and annual cash flow reaches $661/yr on $71,273 cash to close. Return on cash invested measures 20.84% in year one, and rental yield registers 8.2% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 108.4% and total cumulative return in cash totals $77,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,469/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Price change | $215,000 |
| 2024-09-09 | Price change | $240,000 |
| 2024-06-24 | Listed for sale | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-21 | $1222.00 | -0.54% | $29,680 | N/A |
| 2022-11-21 | $1228.68 | -5.77% | $29,680 | N/A |
| 2021-11-21 | $1303.94 | 3.10% | $29,680 | 16.44% |
Listed by: Brooke Hanneman • Doyle Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304349
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.
