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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 3487 Providence Cir, Lima, OH, 45801 with 5% annual appreciation on a $220,000 basis while $2,882/mo rent supports operations. Total monthly income totals $2,882/mo and a $1,077/mo payment preserves $1,435/mo for cash returns. Annual cash flow comes to $17,216/yr on $72,930 deployed, and return on cash invested reaches 43.52% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 15.72%. Five-year ROI measures 229.95% and total cumulative return in cash totals $167,699.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,882/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.36 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 |
|---|---|---|
| 2024-09-12 | Listed for sale | $220,000 |
| 2019-09-23 | Sold | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $2074.61 | -1.68% | $42,320 | N/A |
| 2022-09-14 | $2109.97 | -0.50% | $42,320 | N/A |
| 2021-09-14 | $2120.61 | 7.92% | $42,320 | 15.03% |
Listed by: Connie Thompson • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305101
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.
