939 N West StLimaOH45801
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lima at 939 N West St, Lima, OH, 45801 generates $1,031/mo in rent and, after a $489/mo payment, leaves $374/mo in cash flow. Total monthly income is $1,031/mo, and annual cash flow is $4,484/yr on $33,150 invested. Return on cash invested sits at 33.44% in year one, and rental yield is 12.37% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 175.9% and total cumulative return in cash sums $58,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,031/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45801, Lima, OH area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
8,199
Multi-Family
940
Businesses
748
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