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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 3720 Elmire Dr, Lima, OH, 45806 offers a 8.21% rental yield on a $407,000 purchase with $2,785/mo rent. Total monthly income registers $2,785/mo, and a $1,992/mo payment leaves $108/mo available for distribution. Annual cash flow reaches $1,295/yr on $134,921 to close, and return on cash invested stands at 20.87% in year one. Equity gained on principal adds $2,626/yr while 5% annual appreciation supports $112,447 over five years. Portfolio math shows five-year ROI at 108.49% and total cumulative return in cash at $146,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,785/mo property income against a $1,992/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| 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 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2025-01-17 | Listed for sale | $407,000 |
| 2003-01-16 | Sold | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $4623.38 | -0.75% | $83,690 | N/A |
| 2022-02-15 | $4658.28 | -0.46% | $83,690 | N/A |
| 2021-02-15 | $4679.72 | 32.67% | $83,690 | 11.26% |
Listed by: Susan Fantz • Alexander Realty Services
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306051
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.
