828 Covington AvePiquaOH45356
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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 828 Covington Ave, Piqua, OH, 45356 offers a 10.72% rental yield on a $199,000 purchase with $1,777/mo rent. Total monthly income registers $1,777/mo, and a $974/mo payment leaves $468/mo available for distribution. Annual cash flow reaches $5,616/yr on $65,969 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 149.08% and total cumulative return in cash at $98,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,777/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.26 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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Listed by: Brandon Virgallito • Berkshire Hathaway Professional Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1036559
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