370 Lutz Rd, Lima, OH, 45801 | $172/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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370 Lutz Rd, Lima, OH, 45801 | $172/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lima at 370 Lutz Rd, Lima, OH, 45801 at $175,000 posts ROI 23.48% with $172/mo cash flow from $1,324/mo rent. Total monthly income equals $1,324/mo, and annual cash flow records $2,069/yr on $58,013 to close. Return on cash invested measures 23.48% and rental yield reads 9.08% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 122.51% and total cumulative return in cash totals $71,071.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,324/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1952

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 370 Lutz Rd, Lima, Ohio 45801 - a charming 2-bedroom, 1-bath ranch-style home that's the perfect first home or cozy retreat! Located right next to the beautiful Springbrook Golf Course, this property offers peaceful surroundings while still being just minutes from city conveniences. You'll love the 24 x 27 pole barn with concrete floors and an 8-inch insulated door - perfect for a workshop, storage, or hobby space. Combined with the attached 1-car garage, there's room to park up to three vehicles with ease. Inside, the kitchen features new vinyl flooring and flows into a warm and inviting living room with gorgeous hardwood floors and a wood-burning fireplace. The full block basement adds even more potential, featuring a second fireplace and laundry area. This home is heated by a natural gas boiler system along with the comfort of wood burner heat sources, giving you options for efficiency and coziness. Sitting on a generous .55-acre lot, there's plenty of outdoor space for relaxing, entertaining, or gardening. Additional features include built-in storage, window units for A/C, a new boiler system installed in 2021, and the convenience of city water and sewer while still enjoying an ''outskirts of town'' feel. The seller is motivated, so don't miss your chance to make 370 Lutz Rd your own. Schedule your showing today!

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