550 Tonkawa Trl, Lima, OH, 45805 | 3.46% Rental Yield

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550 Tonkawa Trl, Lima, OH, 45805 | 3.46% Rental Yield | Ziffy

For Sale

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

Total monthly income runs $1,800/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 3.46% with $1,800/mo rent. Return on cash invested shows 6.57% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 31.81% and total cumulative return in cash records $65,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $3,059/mo payment rather than investor’s personal income.

Single Family

Built in 1992

N/A lot

$N/A/sqft

No HOA

More details about the property

Nestled in the desirable Indian Brook subdivision, this impressive two-story home offers exceptional space and recent updates throughout. Featuring 4 bedrooms and 4 full baths, plus 2 additional newly finished bedrooms in the lower level, there's plenty of room for everyone. The recently renovated, finished basement also includes new carpet and paint ,and and an additional kitchen, providing a comfortable extension of living space. The main level showcases vaulted ceilings that create an open and airy feel. Numerous updates enhance this home, including new light fixtures, fresh paint, new carpet in several areas, and kitchen improvements such as updated cabinet faces, fixtures, hardware, and all-new appliances. Two bathrooms have also been refreshed with modern finishes, adding to the home's appeal. Enjoy the outdoors with beautifully landscaped spaces and multi-level deck designed for entertaining and relaxation, whether around the cozy firepit or soaking in the hot tub, you may have your own backyard oasis! The surrounding trees offer shade and privacy. A spacious 3-car garage completes this wonderful property in a sought-after neighborhood.

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