1004 Irene AveFort WayneIN46808
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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 Fort Wayne at 1004 Irene Ave, Fort Wayne, IN, 46808 uses $66,267 cash to close to unlock $7,841/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $1,853/mo, and a $978/mo payment keeps the spread at $653/mo. Purchase price stands at $199,900, and rental yield measures 11.12% with $1,853/mo rent. Return on cash invested shows 31.74% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 166.07% and total cumulative return in cash records $110,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,853/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Kerri Morningstar • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202549430