587 Waterview CirLimaOH45804
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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
Investment Highlights
Rental property for sale in Lima at 587 Waterview Cir, Lima, OH, 45804 offers $1,656/mo rent that, after a $538/mo payment, leaves $933/mo cash flow. Total monthly income is $1,656/mo, and annual cash flow is $11,194/yr on $36,465 cash. Return on cash invested measures 50.61% in year one, and rental yield stands at 18.07% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 267.97% and total cumulative return in cash reaches $97,716. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,656/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
N/A 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
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Listed by: Tammy Breneman-Cummins • Schrader Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306100
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.