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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% |
Investment property for sale in Lima at 7676 Mehaffey Rd, Lima, OH, 45801 offers a 5.4% rental yield on a $425,000 purchase with $1,914/mo rent. 4% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 63.09% and total cumulative return in cash at $88,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,914/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6.93 Acres 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 |
|---|---|---|
| 2024-09-10 | Listed for sale | $425,000 |
| 2013-10-29 | Sold | $50,000 |
| 2011-05-24 | Sold | $52,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2423.35 | -0.76% | $64,090 | N/A |
| 2022-10-16 | $2441.87 | -0.02% | $64,090 | N/A |
| 2021-10-16 | $2442.31 | 9.89% | $64,090 | 12.89% |
Listed by: Robert Acheson • Zimmerman Realty, Ltd.
Mls Name: WRIST
Mls Provider:
Mls ID: #1034265
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.
