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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 996 S Grubb Rd, Lima, OH, 45806 priced at $425,000 pairs $2,683/mo rent with after a $2,080/mo payment. Total monthly income equals $2,683/mo. Return on cash invested is 18.95% in year one, and rental yield stands at 7.58% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 98.23% and total cumulative return in cash reaches $138,389. For financing, Ziffy Mortgage’s DSCR program evaluates $2,683/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45806, Lima, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,840 (76.0%) |
| Renter Occupied HU | 884 (17.5%) |
| Vacant Housing Units | 326 ( 6.5%) |
| Median Home Value | $208,345 |
| Average Home Value | $240,161 |
Residential
4,783
Single Family
4,758
Multi-Family
25
Businesses
204
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3569.48 | -0.02% | $83,020 | N/A |
| 2022-10-16 | $3570.34 | -0.44% | $83,020 | N/A |
| 2021-10-16 | $3585.98 | 18.24% | $83,020 | 13.87% |
Listed by: Hunter Joseph • Doyle Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305166
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.
