6470 McPheron RdLimaOH45804
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
Investment Highlights
Investment property for sale in Lima at 6470 McPheron Rd, Lima, OH, 45804 at $335,000 posts ROI 23.07% with $292/mo cash flow from $2,496/mo rent. Total monthly income equals $2,496/mo, and annual cash flow records $3,505/yr on $111,053 to close. Return on cash invested measures 23.07% and rental yield reads 8.94% at the current $335,000. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 by year five. Five-year ROI prints 120.31% and total cumulative return in cash totals $133,604.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,496/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
8.86 Acres 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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Listed by: Randall Faulder • Ron Spencer Real Estate
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305276
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.