1032 W Washington BlvdFort WayneIN46802
Nearby investment properties with comparable rents
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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
Rental property for sale in Fort Wayne at 1032 W Washington Blvd, Fort Wayne, IN, 46802 priced at $238,200 converts $1,758/mo rent into $188/mo cash flow after a $1,166/mo obligation. Total monthly income equals $1,758/mo, and annual cash flow totals $2,254/yr on $78,963 invested. Return on cash invested prints 22.76% in year one, and rental yield reads 8.86% against a $238,200 entry. Equity gained on principal adds $1,537/yr, while 5% annual appreciation compiles into $65,810 by year five. Five-year ROI reaches 118.67% and total cumulative return in cash sums $93,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,758/mo property income covering a $1,166/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Housing Distribution
Address Breakdown
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
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