1505 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 1505 Swinney Ave, Fort Wayne, IN, 46802 earns $26/mo cash flow from $1,406/mo rent with a $1,125/mo payment. Total monthly income totals $1,406/mo, and annual cash flow totals $314/yr on $76,212 capital. ROI tracks 20.32% on current figures, and rental yield reads 7.34% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 104.85% and total cumulative return in cash sums $79,907. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,406/mo property income instead of your personal income.
Multi Family
Built in 1910
5,227 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: Gregory H Brown • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202533305