608 LakeridgeLimaOH45804
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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
Investment property for sale in Lima at 608 Lakeridge, Lima, OH, 45804 listed at $109,900 pairs $850/mo rent with a $538/mo payment to leave $127/mo cash flow. Total monthly income runs $850/mo, and annual cash flow reaches $1,524/yr on $36,432 cash to close. Return on cash invested measures 24.09% in year one, and rental yield registers 9.28% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 125.77% and total cumulative return in cash totals $45,820. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $850/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
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: #306916
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.