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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% |
Rental property for sale in Lima at 530 Catalpa Ave, Lima, OH, 45804 priced at $110,000 converts $1,560/mo rent into $837/mo cash flow after a $538/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $10,042/yr on $36,465 invested. Return on cash invested prints 47.45% in year one, and rental yield reads 17.02% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 251.06% and total cumulative return in cash sums $91,548. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
| 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 |
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Sold | $110,000 |
| 2025-07-01 | Pending sale | $109,900 |
| 2025-06-27 | Price change | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $423.00 | -62.59% | $8,690 | 4.70% |
| 2023-11-02 | $1130.74 | 150.52% | $8,300 | N/A |
| 2022-11-02 | $451.36 | 6.95% | $8,300 | N/A |
Listed by: Emily Niebel • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307106
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.
