117 Lexington AveFort WayneIN46807
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 117 Lexington Ave, Fort Wayne, IN, 46807 at $180,000 posts ROI 31.68% with $586/mo cash flow from $1,666/mo rent. Total monthly income equals $1,666/mo, and annual cash flow records $7,026/yr on $59,670 to close. Return on cash invested measures 31.68% and rental yield reads 11.11% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 165.78% and total cumulative return in cash totals $98,921.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,666/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison Washington • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202540558
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.