664 E State RdLimaOH45801
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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 664 E State Rd, Lima, OH, 45801 uses $152,457 cash to close to unlock $10,618/yr annual cash flow and $885/mo monthly cash flow. Total monthly income runs $3,910/mo, and a $2,251/mo payment keeps the spread at $885/mo. Purchase price stands at $459,900, and rental yield measures 10.2% with $3,910/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 140.69% and total cumulative return in cash records $214,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,910/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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Listed by: Tug Taviano • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306747
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