1606 Madison PlWapakonetaOH45895
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Wapakoneta at 1606 Madison Pl, Wapakoneta, OH, 45895 priced at $259,900 pairs $2,348/mo rent with $389/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,348/mo, and annual cash flow comes to $4,662/yr on $86,157 invested. Return on cash invested is 25.32% in year one, and rental yield stands at 10.84% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 133.64% and total cumulative return in cash reaches $115,138. For financing, Ziffy Mortgage’s DSCR program evaluates $2,348/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
0.69 Acres lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45895, Wapakoneta, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,701 (100%) |
| Owner Occupied HU | 5,600 (72.7%) |
| Renter Occupied HU | 1,676 (21.8%) |
| Vacant Housing Units | 425 ( 5.5%) |
| Median Home Value | $184,875 |
| Average Home Value | $216,385 |
Housing Distribution
Address Breakdown
Residential
7,523
Single Family
7,281
Multi-Family
242
Businesses
545
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Listed by: Amy Morris • Gay Smith/Associates
Mls Name: WRIST
Mls Provider:
Mls ID: #1038030
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.