314 S Wayne StPiquaOH45356
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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 314 S Wayne St, Piqua, OH, 45356 uses $53,040 cash to close to unlock $11,336/yr annual cash flow and $945/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $783/mo payment keeps the spread at $945/mo. Purchase price stands at $160,000, and rental yield measures 14.98% with $1,997/mo rent. Return on cash invested shows 41.28% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 217.99% and total cumulative return in cash records $115,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,791 sqft 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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Listed by: Sandi K Shipman • Home Experts Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1031947
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