1222 Swinney AveFort WayneIN46802
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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
Investment property for sale in Fort Wayne at 1222 Swinney Ave, Fort Wayne, IN, 46802 uses $92,489 cash to close to unlock $5,673/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $2,148/mo, and a $1,366/mo payment keeps the spread at $473/mo. Purchase price stands at $279,000, and rental yield measures 9.24% with $2,148/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash records $125,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,148/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 2024
3,876 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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Listed by: Benjamin Wahli • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420794
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.