400 W Northern AveLimaOH45801
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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
Investment Highlights
Investment property for sale in Lima at 400 W Northern Ave, Lima, OH, 45801 offers a 9.32% rental yield on a $167,500 purchase with $1,301/mo rent. Total monthly income registers $1,301/mo, and a $820/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,388/yr on $55,526 to close, and return on cash invested stands at 24.21% in year one. Equity gained on principal adds $1,081/yr while 5% annual appreciation supports $46,277 over five years. Portfolio math shows five-year ROI at 126.52% and total cumulative return in cash at $70,252. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $820/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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