1711 Gruber AveFort WayneIN46809
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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 1711 Gruber Ave, Fort Wayne, IN, 46809 uses $37,460 cash to close to unlock $4,533/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $1,056/mo, and a $553/mo payment keeps the spread at $378/mo. Purchase price stands at $113,000, and rental yield measures 11.21% with $1,056/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $31,220 over five years. Five-year ROI reaches 167.52% and total cumulative return in cash records $62,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,056/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 1906
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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Listed by: Farideh Y Negahban • Adamonis Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514795
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.