414-416 N Downing 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 414-416 N Downing St, Piqua, OH, 45356 offers a 10.82% rental yield on a $192,900 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $944/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,655/yr on $63,946 to close, and return on cash invested stands at 28.75% in year one. Equity gained on principal adds $1,245/yr while 5% annual appreciation supports $53,295 over five years. Portfolio math shows five-year ROI at 150.84% and total cumulative return in cash at $96,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $944/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
7,840 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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