Potential Profit$50,085
This single-family property is available as a as-is deal at W Elm St. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 2,664 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Lima, specifically for W Elm St and comparable listings. Based on this expert analysis, the estimated market value is $51,200. This single-family has potential equity of $50,085. If purchased for rental purposes, the monthly rental rate could range between $820 and $1,100, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $50,085. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on W Elm St are updated daily along with others in Lima, Ohio, ensuring you have the most current and accurate information.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
There are 4 schools in the area. Nearby schools include Lima Senior High School and South Science Technology Magnet School.
There are plenty of activities near this property like Allen County Public Library, Lima Memorial Hospital, and more.
Public transportation options include: Lima Transit bus service providing local routes around the city, Regional connections to neighboring communities. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Lima City Parks, Harrison Park and more.
Services available in the area include cellular and internet options.
This property in Lima, OH is located in the Parks Subdivision.
The property located at W Elm St in Lima, OH is listed as a As-Is Deal
This is an active As-Is Deal listing located in Lima, Ohio. Properties on www.foreclosure.com are typically available for deep discounts that can often reach 50 percent or more!Properties that are labeled as "Deals" can be structured in a variety of ways depending upon the condition of the property and its title, and depending upon your own motivation. These properties are not necessarily in a foreclosure, preforeclosure, bankruptcy, etc. and may just be available for sale by the current owner. For the handy person who knows construction and remodeling, purchasing a 'fixer upper' and bringing it up to standards offers terrific potential for profit. Likewise, ‘as is’ properties offer no guarantee as to the condition of the property or its title, but can represent a unique opportunity for the real estate investor willing to make the effort to identify any hidden flaws and factor that into the purchase.
In each of these scenarios you still must perform your due diligence. Search for the property that suits you. Make a visual inspection of the property and neighborhood. Contact the person or entity that controls the property: Realtor, property owner, lender, or court appointed receiver. In your offer include all the conditions you need to protect yourself including inspections, appraisal, title search, responsibility for repairs, and satisfactory financing. Read and understand the appraisal, inspection reports, and title report. These items affect your bottom line when the transaction is completed.
The estimated rental value for W Elm St located in Lima, OH is $960/month. Comparable homes around W Elm St that are rentals have monthly ranges starting as low as $820 per month and as high as $1,100 per month. An owner looking to use this property as an investment could bring a return in the area of $820 - $1,100 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 06/27/25 | As-is Deal |
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