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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 407 N Nixon Ave, Lima, OH, 45805 offers a 11.1% rental yield on a $140,000 purchase with $1,295/mo rent. Total monthly income registers $1,295/mo, and a $685/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,492/yr on $46,410 to close, and return on cash invested stands at 29.59% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 155.32% and total cumulative return in cash at $72,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,295/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
9,147 sqft 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $140,000 |
| 2023-07-11 | Sold | $125,500 |
| 2022-12-16 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $1123.14 | -0.52% | $26,750 | N/A |
| 2022-03-31 | $1128.96 | -5.47% | $26,750 | N/A |
| 2021-03-31 | $1194.30 | 3.16% | $26,750 | 16.81% |
Listed by: Amy Place • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306602
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.
