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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 521-523 W Wayne St, Lima, OH, 45801 listed at $280,000 pairs $2,160/mo rent with a $1,370/mo payment to leave $319/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $3,824/yr on $92,820 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 9.26% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 125.47% and total cumulative return in cash totals $116,457. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2025-09-08 | Sold | $280,000 |
| 2025-08-07 | Pending sale | $310,000 |
| 2025-08-06 | Listed for sale | $310,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacia Allen • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307883
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.
