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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 914 Richie Ave, Lima, OH, 45805 earns from $860/mo rent with a $529/mo payment. Total monthly income totals $860/mo. ROI tracks 19.87% on current figures, and rental yield reads 9.56% at a $108,000 purchase. Equity gained on principal adds $697/yr, and 5% annual appreciation supports $29,838 over five years. Five-year ROI reaches 104.97% and total cumulative return in cash sums $37,580. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $860/mo property income instead of your personal income.
Single Family
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45805, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,750 (100%) |
| Owner Occupied HU | 6,258 (58.2%) |
| Renter Occupied HU | 3,628 (33.7%) |
| Vacant Housing Units | 864 ( 8.0%) |
| Median Home Value | $189,364 |
| Average Home Value | $209,071 |
Residential
10,159
Single Family
9,437
Multi-Family
722
Businesses
680
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Price change | $108,000 |
| 2024-10-19 | Listed for sale | $110,000 |
| 2023-09-12 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $3445.26 | 30.40% | $27,130 | N/A |
| 2022-02-15 | $2641.98 | 120.60% | $27,130 | N/A |
| 2021-02-15 | $1197.64 | 36.01% | $27,130 | 60.82% |
Listed by: Andy Miller • RE/MAX Preferred Associates
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305461
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.
