650 S Dewey Ave, Lima, OH, 45804 | $186/mo Cash Flow

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650 S Dewey Ave, Lima, OH, 45804 | $186/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lima at 650 S Dewey Ave, Lima, OH, 45804 offers a 9.55% rental yield on a $135,000 purchase with $1,074/mo rent. Total monthly income registers $1,074/mo, and a $661/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,229/yr on $44,753 to close, and return on cash invested stands at 24.89% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 130.08% and total cumulative return in cash at $58,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,074/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1919

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this newly updated 4-bedroom, 1.5-bath home in Lima! Conveniently located near I-75, this move-in-ready property features bright living spaces, modern updates throughout, and a detached garage for extra storage. Enjoy extra parking in the rear of the home as well as a large backyard! The basement includes a half bathroom as well as the laundry room. Home Warranty is included, provided by the seller. Schedule your showing today! Listing agent has an interest in the property.

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