10911 Minnich RdFort wayneIN46816
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10911 Minnich Rd, Fort wayne, IN, 46816 listed at $349,900 pairs $1,348/mo rent with a $1,713/mo payment. Total monthly income runs $1,348/mo. Return on cash invested measures 12.12% in year one, and rental yield registers 4.62% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 60.87% and total cumulative return in cash totals $70,602. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,348/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1986
3.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Geiger • Morken Real Estate Services, Inc.
Mls Name: IRMLS
Mls ID: #202603130