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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% |
Rental property for sale in Lima at 664 Cortlandt Ave, Lima, OH, 45801 generates $1,561/mo in rent and, after a $832/mo payment, leaves $443/mo in cash flow. Total monthly income is $1,561/mo, and annual cash flow is $5,314/yr on $56,355 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 11.02% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 153.93% and total cumulative return in cash sums $86,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,561/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,724 (100%) |
| Owner Occupied HU | 5,120 (52.7%) |
| Renter Occupied HU | 3,695 (38.0%) |
| Vacant Housing Units | 909 ( 9.3%) |
| Median Home Value | $133,198 |
| Average Home Value | $167,986 |
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $170,000 |
| 2020-08-13 | Sold | $88,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-26 | $1309.42 | 2.33% | $31,930 | 3.07% |
| 2022-04-26 | $1279.60 | -5.78% | $30,980 | N/A |
| 2021-04-26 | $1358.14 | 123.78% | $30,980 | 52.84% |
Listed by: Susan Walter • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306849
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.
