422 S Roberts Ave, Lima, OH, 45804 | 7.89% Rental Yield

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422 S Roberts Ave, Lima, OH, 45804 | 7.89% Rental Yield | 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

Rental property for sale in Lima at 422 S Roberts Ave, Lima, OH, 45804 priced at $189,000 pairs $1,243/mo rent with after a $925/mo payment. Total monthly income equals $1,243/mo. Return on cash invested is 19.91% in year one, and rental yield stands at 7.89% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 103.35% and total cumulative return in cash reaches $64,750. For financing, Ziffy Mortgage’s DSCR program evaluates $1,243/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1950

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

This 2,272 sq ft home on a nearly half-acre double lot offers space and flexibility for any lifestyle. The main level features two large living areas, including a cozy family room with fireplace, plus an office and a full bath with laundry. Converting part of the main floor into a bedroom with ensuite would be simple while still keeping plenty of living space. Enjoy the sunroom overlooking the backyard or relax under the covered patio year-round. Upstairs, you'll find two oversized bedrooms, including a primary suite with ensuite bath and a balcony that spans the front of the home. With its layout, this property could easily expand to 3-5 bedrooms, making it a rare find with endless potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 45804, Lima, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,766 (100%)
Owner Occupied HU	3,189 (47.1%)
Renter Occupied HU	2,826 (41.8%)
Vacant Housing Units	751 (11.1%)
Median Home Value	$92,500
Average Home Value	$135,487