1238 Home 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
Investment property for sale in Fort Wayne at 1238 Home Ave, Fort Wayne, IN, 46807 earns $850/mo cash flow from $1,630/mo rent with a $636/mo payment. Total monthly income totals $1,630/mo, and annual cash flow totals $10,200/yr on $43,062 capital. ROI tracks 43.6% on current figures, and rental yield reads 15.06% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 229.72% and total cumulative return in cash sums $98,923. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,630/mo property income instead of your personal income.
Single Family
Built in 1930
4,356 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: Lilliana Caro • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202538389