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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 678 Gardenview Cir, Lima, OH, 45801 priced at $369,000 converts $3,829/mo rent into $1,402/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,829/mo, and annual cash flow totals $16,822/yr on $122,324 invested. Return on cash invested prints 33.66% in year one, and rental yield reads 12.45% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 177.09% and total cumulative return in cash sums $216,627. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,829/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 2000
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 |
|---|---|---|
| 2024-08-28 | Listed for sale | $369,000 |
| 2016-06-08 | Sold | $225,000 |
| 2001-04-12 | Sold | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $3920.26 | -0.44% | $86,980 | N/A |
| 2022-09-14 | $3937.58 | -3.18% | $86,980 | N/A |
| 2021-09-14 | $4066.90 | 12.79% | $86,980 | 20.97% |
Listed by: Sheila Custer • Howard Hanna--Lima
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304971
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.
