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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 701 S Nixon Ave, Lima, OH, 45805 generates $1,080/mo in rent, after a $844/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 18.77% in year one, and rental yield is 7.51% on a $172,500 entry. Equity gained on principal adds $1,113/yr, while 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 97.25% and total cumulative return in cash sums $55,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $172,500 |
| 2020-06-12 | Sold | $87,000 |
| 2020-05-16 | Pending sale | $91,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-19 | $1225.26 | -0.54% | $29,370 | N/A |
| 2022-04-19 | $1231.88 | -5.52% | $29,370 | N/A |
| 2021-04-19 | $1303.90 | -6.78% | $29,370 | 7.70% |
Listed by: Rachel Swartz • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306801
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.
