Lima Ohio Investment Property

[Matthew Swearingen]

My ex father in law bought a rental in Lima. Here's some of the info I have:

4 bed 2 bath 1699 sq ft purchased July 2018 $78k and after closing costs $80, 611. As of now the balance is $60,820. 

It rents for $900. Rental management take first months rent then 10%. So rents come out to $810. I'm just doing a rough estimate but a 30 year at 3.9% gives a payment of $378. 

Zip code for this home is 45805 on Hazel Ave.

What are your thoughts on opportunities in this area. Ive looked in Chattanooga, Memphis so far but not sure. Any thought guys and gals.