592 Lakeridge DrLimaOH45804
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
Rental property for sale in Lima at 592 Lakeridge Dr, Lima, OH, 45804 priced at $139,900 pairs $2,174/mo rent with $1,254/mo cash flow after a $685/mo payment. Total monthly income equals $2,174/mo, and annual cash flow comes to $15,042/yr on $46,377 invested. Return on cash invested is 52.34% in year one, and rental yield stands at 18.65% on a $139,900 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,652 by year five. Five-year ROI measures 277.33% and total cumulative return in cash reaches $128,619. For financing, Ziffy Mortgage’s DSCR program evaluates $2,174/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2022
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 • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304727
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.