633 Canyon DrLimaOH45804
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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 633 Canyon Dr, Lima, OH, 45804 listed at $290,900 pairs $2,452/mo rent with a $1,424/mo payment to leave $538/mo cash flow. Total monthly income runs $2,452/mo, and annual cash flow reaches $6,460/yr on $96,433 cash to close. Return on cash invested measures 26.61% in year one, and rental yield registers 10.11% at a $290,900 basis. Equity gained on principal adds $1,877/yr, and annual property appreciation at 5% supports $80,370 by year five. Five-year ROI tracks 139.32% and total cumulative return in cash totals $134,351. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,452/mo property income relative to a $1,424/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
10,712 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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