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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% |
Rental property for sale in Lima at 612 Lakeridge Dr, Lima, OH, 45804 priced at $120,000 converts $1,528/mo rent into $739/mo cash flow after a $587/mo obligation. Total monthly income equals $1,528/mo, and annual cash flow totals $8,868/yr on $39,780 invested. Return on cash invested prints 42.2% in year one, and rental yield reads 15.28% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 222.85% and total cumulative return in cash sums $88,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,528/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
| 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 |
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $120,000 |
| 2025-06-26 | Pending sale | $124,900 |
| 2025-06-12 | Listed for sale | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tammy Breneman-Cummins • Schrader Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307361
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.
