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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 3390 Spencerville Rd, Lima, OH, 45805 uses $59,637 cash to close to unlock $2,342/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,379/mo, and a $881/mo payment keeps the spread at $195/mo. Purchase price stands at $179,900, and rental yield measures 9.2% with $1,379/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 124.47% and total cumulative return in cash records $74,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,379/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.06 Acres 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 |
|---|---|---|
| 2024-04-03 | Listed for sale | $179,900 |
| 2023-07-27 | Listing removed | N/A |
| 2023-02-01 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $572.86 | -0.74% | $10,120 | N/A |
| 2022-10-16 | $577.14 | -0.46% | $10,120 | N/A |
| 2021-10-16 | $579.78 | 9.17% | $10,120 | -8.25% |
Listed by: Joseph Guagenti • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #303609
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.
