3650 Redbud LnLimaOH45806
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3650 Redbud Ln, Lima, OH, 45806 uses $128,954 cash to close to unlock $5,150/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $2,988/mo, and a $1,904/mo payment keeps the spread at $429/mo. Purchase price stands at $389,000, and rental yield measures 9.22% with $2,988/mo rent. Return on cash invested shows 23.9% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash records $160,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,988/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Housing Distribution
Address Breakdown
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices