7700 Mehaffey Rd, Lima, OH, 45801 | 7.47% Rental Yield

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7700 Mehaffey Rd, Lima, OH, 45801 | 7.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lima at 7700 Mehaffey Rd, Lima, OH, 45801 listed at $232,000 pairs $1,444/mo rent with a $1,136/mo payment. Total monthly income runs $1,444/mo. Return on cash invested measures 18.62% in year one, and rental yield registers 7.47% at a $232,000 basis. Equity gained on principal adds $1,497/yr, and annual property appreciation at 5% supports $64,097 by year five. Five-year ROI tracks 96.49% and total cumulative return in cash totals $74,207. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,444/mo property income relative to a $1,136/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1980

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this very well-maintained, vinyl-sided ranch home offering approximately 1,518 sq. ft. of comfortable living space. Step inside to a warm and inviting living room highlighted by a classic wood-burning fireplaceperfect for cozy evenings. The home features 3 bedrooms and 1 full bath, with the third bedroom located in a spacious bonus room above the attached two-car garage, ideal for guests, a home office, or hobby space. At the rear of the home, enjoy a bright sunroom that opens to a small deck, creating the perfect spot for morning coffee or relaxing afternoons. This property combines practical design with thoughtful updates, offering both charm and functionality. With its convenient layout, ample storage, and inviting outdoor spaces, this home is ready to welcome its next owner.

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