340 E Market StLimaOH45801
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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 Lima at 340 E Market St, Lima, OH, 45801 uses $65,969 cash to close to unlock $5,736/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,787/mo, and a $974/mo payment keeps the spread at $478/mo. Purchase price stands at $199,000, and rental yield measures 10.78% with $1,787/mo rent. Return on cash invested shows 28.6% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 150.06% and total cumulative return in cash records $98,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in N/A
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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