1214 Scott AveFort WayneIN46807
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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 1214 Scott Ave, Fort Wayne, IN, 46807 generates $1,385/mo in rent and, after a $504/mo payment, leaves $767/mo in cash flow. Total monthly income is $1,385/mo, and annual cash flow is $9,202/yr on $34,145 invested. Return on cash invested sits at 46.86% in year one, and rental yield is 16.14% on a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 247.13% and total cumulative return in cash sums $84,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,385/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,098 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
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Listed by: Harrison Bolyard • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202546480