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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% |
Investment property for sale in Lima at 620 Willard Ave, Lima, OH, 45804 offers a 11.58% rental yield on a $169,000 purchase with $1,631/mo rent. Total monthly income registers $1,631/mo, and a $827/mo payment leaves $520/mo available for distribution. Annual cash flow reaches $6,234/yr on $56,024 to close, and return on cash invested stands at 31.04% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 163.06% and total cumulative return in cash at $91,351. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,631/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,405 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacia Allen • CCR Realtors
Mls Name: WCAR OH
Mls ID: #308604
