703 N Collett StLimaOH45805
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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 703 N Collett St, Lima, OH, 45805 listed at $109,000 pairs $847/mo rent with a $534/mo payment to leave $130/mo cash flow. Total monthly income runs $847/mo, and annual cash flow reaches $1,554/yr on $36,134 cash to close. Return on cash invested measures 24.21% in year one, and rental yield registers 9.32% at a $109,000 basis. Equity gained on principal adds $703/yr, and annual property appreciation at 5% supports $30,115 by year five. Five-year ROI tracks 126.49% and total cumulative return in cash totals $45,706. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $847/mo property income relative to a $534/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
4,312 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
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