30 Property Portfolio
Lima, OH 45804
MLS #309829
Listing courtesy of Superior Plus Realtors · Tim Stanford · Source: WCAR MLS
About this home
Stabilized 30-Unit Residential Portfolio Exclusive investment opportunity to acquire a robust portfolio of thirty single-family homes. This turn-key acquisition is offered at a purchase price of $2,650,000, representing an efficient entry into the Northwest Ohio market at a price per door of approximately $88,333. The valuation of $2,650,000 aligns with the analyzed market value of $2,556,715.48 at an 8% cap rate. The underlying assets consist of diverse residential configurations. These properties feature a mix of two, three, and four-bedroom layouts, with square footage ranging from 795 to over 1,800 square feet. The portfolio is meticulously positioned for immediate performance, currently generating an annual gross rent of $314,760. However, a significant value-add component exists as current rental rates have not been fully optimized to market levels. Many of the existing rents are due for scheduled increases, providing the next owner with immediate upside potential to enhance the current yield. After accounting for comprehensive annual operating expenses of $110,222.76--which include professional management, accounting, lawn care, and a 3% vacancy reserve--the assets currently produce a steady Net Operating Income (NOI) of $204,537.24. The financial health of this offering is further evidenced by a healthy expense ratio of 35.02% and a strong Debt Service Coverage Ratio (DSCR) of 1.33. Based on a 25-year amortization at a 6.5% interest rate, the portfolio supports annual debt service of $153,947.28, leaving an investor with a net annual cash flow of $50,589.96, or approximately $4,215.83 per month. https://www.google.com/maps/d/u/0/edit?mid=1cKgxeqHrKSWtC8-YTtqTv8Lcrc-q6so&usp=sharing A member of the ownership is an Ohio licensed real estate agent
Property details
- Listed
- 3/31/2026
- Listing office
- Superior Plus Realtors
- Listing agent
- Tim Stanford
- ZIP
- 45804
- Status
- Active
Listing information
Listing courtesy of Superior Plus Realtors · Tim Stanford · Source: WCAR MLS
MLS #309829 · Source: WCAR MLS
IDX information is provided by the West Central Association of REALTORS® MLS (WCAR MLS) and MLS Now exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate by the MLS, and properties may no longer be available. Each listing is identified with the name of its listing brokerage.
Investment property loan estimator
Estimated monthly
$17,267
per month, all-in
- Principal & interest
- $13,558
- Property tax
- $3,533
- Insurance
- $175
2–4 unit investment properties typically require 20–25% down for non-owner-occupied financing. Owner-occupied house-hacking (live in one unit) may qualify for 3.5–5% down with FHA/conventional. Estimates only.
Location & walkability
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