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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% |
Rental property for sale in Lima at 829 Richie Ave, Lima, OH, 45801 priced at $144,500 pairs $1,679/mo rent with $729/mo cash flow after a $707/mo payment. Total monthly income equals $1,679/mo, and annual cash flow comes to $8,745/yr on $47,902 invested. Return on cash invested is 38.17% in year one, and rental yield stands at 13.94% on a $144,500 basis. Equity gained on principal adds $932/yr, and 5% annual appreciation accumulates to $39,923 by year five. Five-year ROI measures 201.3% and total cumulative return in cash reaches $96,427. For financing, Ziffy Mortgage’s DSCR program evaluates $1,679/mo property income against a $707/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
6,969 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 |
|---|---|---|
| 2024-10-01 | Price change | $144,500 |
| 2024-08-28 | Price change | $147,000 |
| 2024-08-15 | Listed for sale | $148,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $657.10 | -7.50% | $14,740 | N/A |
| 2022-10-16 | $710.40 | 1.80% | $14,740 | N/A |
| 2021-10-16 | $697.86 | 3.24% | $14,740 | 16.61% |
Listed by: Eric Schomber • eXp Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304201
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.
