1171 N West Hamilton RdFort WayneIN46814
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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 1171 N West Hamilton Rd, Fort Wayne, IN, 46814 offers $2,536/mo rent that, after a $1,243/mo payment, leaves $846/mo cash flow. Total monthly income is $2,536/mo, and annual cash flow is $10,158/yr on $84,201 cash. Return on cash invested measures 31.97% in year one, and rental yield stands at 11.98% at a $254,000 entry. Equity gained on principal adds $1,639/yr while 5% annual appreciation compounds into $70,176 by year five. Five-year ROI records 168.18% and total cumulative return in cash reaches $141,606. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,536/mo property income versus a $1,243/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
3,920 sqft lot
$N/A/sqft
$165 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: Jamie Lancia • Lancia Homes and Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202311055
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.