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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% |
Rental property for sale in Lima at 3727 Groves Rd, Lima, OH, 45805 priced at $269,000 pairs $2,033/mo rent with $263/mo cash flow after a $1,317/mo payment. Total monthly income equals $2,033/mo, and annual cash flow comes to $3,158/yr on $89,174 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 9.07% on a $269,000 basis. Equity gained on principal adds $1,736/yr, and 5% annual appreciation accumulates to $74,320 by year five. Five-year ROI measures 122.39% and total cumulative return in cash reaches $109,139. For financing, Ziffy Mortgage’s DSCR program evaluates $2,033/mo property income against a $1,317/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2020-11-20 | Sold | $185,000 |
| 2020-10-26 | Pending sale | $189,000 |
| 2020-09-02 | Price change | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $3799.52 | -4.06% | $63,250 | N/A |
| 2022-03-13 | $3960.47 | 10.25% | $63,250 | N/A |
| 2021-03-13 | $3592.24 | 82.30% | $63,250 | 86.69% |
Listed by: Sheila Custer • Howard Hanna--Lima
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306471
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.
