620 E Elm StLimaOH45804
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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 620 E Elm St, Lima, OH, 45804 with 5% annual appreciation on a $124,000 basis while $1,170/mo rent supports operations. Total monthly income totals $1,170/mo and a $607/mo payment preserves $354/mo for cash returns. Annual cash flow comes to $4,251/yr on $41,106 deployed, and return on cash invested reaches 30.25% in year one. Equity gained on principal adds $800/yr, and five-year appreciation sums $34,259 alongside rental yield of 11.32%. Five-year ROI measures 158.9% and total cumulative return in cash totals $65,319.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,170/mo property income versus a $607/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
2,500 sqft 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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