447 W Middletown RdNorth LimaOH44452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Lima at 447 W Middletown Rd, North Lima, OH, 44452 offers a 5.11% rental yield on a $675,000 purchase with $2,874/mo rent. 6% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 58.75% and total cumulative return in cash at $130,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,874/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44452, North Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,171 (100%) |
| Owner Occupied HU | 862 (73.6%) |
| Renter Occupied HU | 224 (19.1%) |
| Vacant Housing Units | 85 ( 7.3%) |
| Median Home Value | $296,104 |
| Average Home Value | $299,762 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,129
Multi-Family
49
Businesses
223
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Listed by: Cindy L Lautzenheiser • Howard Hanna
Mls Name: MLS Now
Mls ID: #5113184