1322 McKinnie Ave,Fort Wayne,IN,46806

Investment Highlights

Investment property for sale in Fort Wayne at 1322 McKinnie Ave, Fort Wayne, IN, 46806 offers a 9.02% rental yield on a $114,900 purchase with $864/mo rent. Total monthly income registers $864/mo, and a $562/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,096/yr on $38,089 to close, and return on cash invested stands at 25.41% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 132.14% and total cumulative return in cash at $50,330. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $864/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.