1236 Saint Joe River DrFort WayneIN46805
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 1236 Saint Joe River Dr, Fort Wayne, IN, 46805 earns $830/mo cash flow from $2,228/mo rent with a $1,121/mo payment. Total monthly income totals $2,228/mo, and annual cash flow totals $9,963/yr on $75,914 capital. ROI tracks 33.03% on current figures, and rental yield reads 11.68% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 173.16% and total cumulative return in cash sums $131,453. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,228/mo property income instead of your personal income.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Housing Distribution
Address Breakdown
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Longardner • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438990
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.