613 Canyon DrLimaOH45804
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 613 Canyon Dr, Lima, OH, 45804 in Lima worth study. Rental yield 4.01%. The 4.01% gross yield is below cash-flow benchmarks at $349,900, but 5% annual appreciation, adding $96,671 over five years, frames this as a capital growth position. Rent of $1,170/mo partially offsets the $1,573/mo payment. Ziffy Mortgage finances appreciation-play properties (0.74 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $60,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 6.8% |
| Monthly Cash Flow | $(1,133) | $520 |
City averages based on Lima market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,170 |
| Total Monthly Debt Service | $2,164 |
| DSCR Ratio | 0.54x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
0.43 Acres lot
$N/A/sqft
$20 annually 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
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
Single Family
Built in 1978
0.43 Acres lot
$N/A/sqft
$20 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Randall • Berkshire Hathaway Professional Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306556
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.