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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 624 Mount Holyoke Ave, Lima, OH, 45804 with 5% annual appreciation on a $165,000 basis while $1,217/mo rent supports operations. Total monthly income totals $1,217/mo and a $808/mo payment preserves $131/mo for cash returns. Annual cash flow comes to $1,575/yr on $54,698 deployed, and return on cash invested reaches 22.79% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 8.85%. Five-year ROI measures 118.89% and total cumulative return in cash totals $65,027.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,217/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
0.27 Acres 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 |
|---|---|---|
| 2025-04-04 | Listed for sale | $165,000 |
| 2009-06-30 | Sold | $30,000 |
| 2008-12-10 | Sold | $37,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-05 | $1526.53 | 2.65% | $32,980 | 3.87% |
| 2022-04-05 | $1487.08 | -0.30% | $31,750 | N/A |
| 2021-04-05 | $1491.62 | 4.72% | $31,750 | 11.84% |
Listed by: Connie Thompson • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306669
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.
