607 W Grand AveLimaOH45801
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 607 W Grand Ave, Lima, OH, 45801 offers $1,068/mo rent that, after a $685/mo payment, leaves $148/mo cash flow. Total monthly income is $1,068/mo, and annual cash flow is $1,770/yr on $46,377 cash. Return on cash invested measures 23.73% in year one, and rental yield stands at 9.16% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 123.87% and total cumulative return in cash reaches $57,447. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,068/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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Listed by: Kate Shulaw • KW Greater Columbus Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #308854
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.