565 S Fraunfelter RdLimaOH45807
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 565 S Fraunfelter Rd, Lima, OH, 45807 in Lima offers a clean, manageable entry. Rental yield 7.11%. DSCR 1.32 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $164,388 in additional property value over five years, with $5,480/yr in principal equity building ownership stake. Total projected cumulative return: $200,686.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.8% |
| Monthly Cash Flow | $(405) | $520 |
City averages based on Lima market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,526 |
| Total Monthly Debt Service | $3,694 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
1.67 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
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
Single Family
Built in 1998
1.67 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45807, Lima, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,914 (100%) |
| Owner Occupied HU | 3,797 (77.3%) |
| Renter Occupied HU | 852 (17.3%) |
| Vacant Housing Units | 265 ( 5.4%) |
| Median Home Value | $237,870 |
| Average Home Value | $253,151 |
Housing Distribution
Address Breakdown
Residential
5,151
Single Family
4,815
Multi-Family
336
Businesses
287
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Parsons • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306220
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.