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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 576 Cortlandt Ave, Lima, OH, 45801 offers a 9.46% rental yield on a $104,950 purchase with $827/mo rent. Total monthly income registers $827/mo, and a $514/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,636/yr on $34,791 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,996 over five years. Portfolio math shows five-year ROI at 128.68% and total cumulative return in cash at $44,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $827/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3,484 sqft 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 |
|---|---|---|
| 2025-07-15 | Listed for sale | $104,950 |
| 2022-08-29 | Sold | $80,000 |
| 2022-07-29 | Pending sale | $79,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $795.56 | 10.03% | $21,390 | 27.02% |
| 2023-07-16 | $723.06 | -0.39% | $16,840 | N/A |
| 2022-07-16 | $725.90 | -5.56% | $16,840 | N/A |
Listed by: Andrew Notturniano • Keller Williams Capital Partners Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307660
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.
