5 Package Rentals, Lima, OH, 45804 | 5.01% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5 Package Rentals, Lima, OH, 45804 | 5.01% Rental Yield | Ziffy

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Rental Income

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 5 Package Rentals, Lima, OH, 45804 priced at $280,000 pairs $1,170/mo rent with after a $1,370/mo payment. Total monthly income equals $1,170/mo. Return on cash invested is 11.23% in year one, and rental yield stands at 5.01% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 56.82% and total cumulative return in cash reaches $52,737. For financing, Ziffy Mortgage’s DSCR program evaluates $1,170/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Check out this cash flowing package of five single family rentals: 1008 Linden St is Vacant newer hot water heater 3 bed 1 bath, comes with fridge and stove. 1127 E Market St is in the process of being evicted 2 bed 1 bath with a large shed, stove and fridge , washer, dryer included. 521 E Eureka St pays $435.00 per month and all utilities 3 bed 1 bath. Tenant does the yard maintenance. 911 Franklin St is a 2bedrooom, 1 bath ,has newer flooring, newer paint, furniture about 7 years old, shed with fenced in back yard, fridge and stove included. Tenant pays $915 per month and all utilities. Tenant does the yard maintenance. 337 E Eureka is a 3 bedroom, 1 bath, pays $750.00 per month. Has central air new furnace less than a year old. New hot water heater. Attached garage with a garage door that works has safety sensors just installed and a new remote. Tenant pays all utilities and does yard maintenance. 24 hours notice required for showings.

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