694 Powers AveLimaOH45801
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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 694 Powers Ave, Lima, OH, 45801 offers a 7.98% rental yield on a $180,500 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $883/mo payment leaves $13/mo available for distribution. Annual cash flow reaches $158/yr on $59,836 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $1,165/yr while 5% annual appreciation supports $49,869 over five years. Portfolio math shows five-year ROI at 104.82% and total cumulative return in cash at $62,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $883/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
0.74 Acres 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: Beverly Rex-Cook • Ron Spencer Real Estate
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306527
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.