1616 Echo Lake DrPiquaOH45356
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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
Investment property for sale in Piqua at 1616 Echo Lake Dr, Piqua, OH, 45356 listed at $314,900 pairs $2,633/mo rent with a $1,541/mo payment to leave $562/mo cash flow. Total monthly income runs $2,633/mo, and annual cash flow reaches $6,743/yr on $104,389 cash to close. Return on cash invested measures 26.37% in year one, and rental yield registers 10.03% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 137.98% and total cumulative return in cash totals $144,034. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,633/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45356, Piqua, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,349 (100%) |
| Owner Occupied HU | 6,943 (61.2%) |
| Renter Occupied HU | 3,660 (32.2%) |
| Vacant Housing Units | 746 ( 6.6%) |
| Median Home Value | $166,334 |
| Average Home Value | $238,466 |
Housing Distribution
Address Breakdown
Residential
10,665
Single Family
10,163
Multi-Family
502
Businesses
765
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