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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 935 Rice Ave, Lima, OH, 45805 offers $1,489/mo rent that, after a $587/mo payment, leaves $700/mo cash flow. Total monthly income is $1,489/mo, and annual cash flow is $8,402/yr on $39,747 cash. Return on cash invested measures 41.05% in year one, and rental yield stands at 14.9% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 216.83% and total cumulative return in cash reaches $86,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,489/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
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 |
|---|---|---|
| 2024-10-08 | Price change | $119,900 |
| 2024-07-29 | Listed for sale | $124,900 |
| 2023-04-28 | Sold | $28,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $632.64 | 8.44% | $13,200 | N/A |
| 2022-10-16 | $583.42 | -7.67% | $13,200 | N/A |
| 2021-10-16 | $631.88 | -6.81% | $13,200 | 13.50% |
Listed by: Tim Stanford • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #304667
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.
