706 S Pears AveLimaOH45805
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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
Rental property for sale in Lima at 706 S Pears Ave, Lima, OH, 45805 priced at $259,000 converts $2,089/mo rent into $385/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,089/mo, and annual cash flow totals $4,620/yr on $85,859 invested. Return on cash invested prints 25.29% in year one, and rental yield reads 9.68% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 132.26% and total cumulative return in cash sums $113,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1951
9,147 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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Listed by: Kayla Boss • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307238
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.