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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 861 E 4th St, Lima, OH, 45804 offers a 11.69% rental yield on a $120,000 purchase with $1,169/mo rent. Total monthly income registers $1,169/mo, and a $587/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,560/yr on $39,780 to close, and return on cash invested stands at 31.37% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 164.78% and total cumulative return in cash at $65,551. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,169/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45804, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,766 (100%) |
| Owner Occupied HU | 3,189 (47.1%) |
| Renter Occupied HU | 2,826 (41.8%) |
| Vacant Housing Units | 751 (11.1%) |
| Median Home Value | $92,500 |
| Average Home Value | $135,487 |
Residential
6,395
Single Family
5,752
Multi-Family
643
Businesses
577
Date | Event | Price |
|---|---|---|
| 2023-02-21 | Sold | $25,000 |
| 2006-08-01 | Sold | $6,000 |
| 1997-05-20 | Sold | $5,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-24 | $343.19 | -7.48% | $7,530 | 4.87% |
| 2023-07-24 | $370.93 | -21.89% | $7,180 | N/A |
| 2022-07-24 | $474.86 | 25.12% | $7,180 | N/A |
Listed by: Seth Ciminillo • Dye Real Estate & Land Company
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307756
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.
