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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 951 Rice Ave, Lima, OH, 45805 uses $33,150 cash to close to unlock $1,376/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $772/mo, and a $489/mo payment keeps the spread at $115/mo. Purchase price stands at $100,000, and rental yield measures 9.26% with $772/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.66% and total cumulative return in cash records $41,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $772/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1906
6,098 sqft 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 |
|---|---|---|
| 2025-08-13 | Listed for sale | $100,000 |
| 1992-07-01 | Sold | $22,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-14 | $788.58 | -0.33% | $20,620 | 13.92% |
| 2023-08-14 | $791.22 | -0.42% | $18,100 | N/A |
| 2022-08-14 | $794.56 | -5.61% | $18,100 | N/A |
Listed by: Scott Weaver • CCR Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307950
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.
