530 McPheron AveLimaOH45804
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 Lima at 530 McPheron Ave, Lima, OH, 45804 uses $34,808 cash to close to unlock $1,587/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $823/mo, and a $514/mo payment keeps the spread at $132/mo. Purchase price stands at $105,000, and rental yield measures 9.41% with $823/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 127.91% and total cumulative return in cash records $44,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $823/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maisie Tyler • Binkley Real Estate- Wapakoneta
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307867
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.