514 N Cable RdLimaOH45805
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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 514 N Cable Rd, Lima, OH, 45805 with 5% annual appreciation on a $126,500 basis while $986/mo rent supports operations. Total monthly income totals $986/mo and a $619/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,849/yr on $41,935 deployed, and return on cash invested reaches 24.32% in year one. Equity gained on principal adds $816/yr, and five-year appreciation sums $34,950 alongside rental yield of 9.35%. Five-year ROI measures 127.1% and total cumulative return in cash totals $53,300.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $986/mo property income versus a $619/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
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