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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 822 Richie Ave, Lima, OH, 45801 with 5% annual appreciation on a $119,999 basis while $1,060/mo rent supports operations. Total monthly income totals $1,060/mo and a $587/mo payment preserves $271/mo for cash returns. Annual cash flow comes to $3,252/yr on $39,780 deployed, and return on cash invested reaches 28.08% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 10.6%. Five-year ROI measures 147.14% and total cumulative return in cash totals $58,531.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,060/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
7,405 sqft 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 |
|---|---|---|
| 2025-01-16 | Listed for sale | $119,999 |
| 2023-04-05 | Sold | $75,000 |
| 2023-02-27 | Listed for sale | $87,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $869.48 | -0.45% | $20,060 | N/A |
| 2022-02-15 | $873.38 | -3.27% | $20,060 | N/A |
| 2021-02-15 | $902.86 | 3.09% | $20,060 | 16.42% |
Listed by: Dylan Byers • Cowan, Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306045
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.
