1714 Nelson StFort 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
Rental property for sale in Fort Wayne at 1714 Nelson St, Fort Wayne, IN, 46802 generates $843/mo in rent and, after a $513/mo payment, leaves $214/mo in cash flow. Total monthly income is $843/mo, and annual cash flow is $2,565/yr on $34,774 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 9.64% on a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 142.19% and total cumulative return in cash sums $49,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $843/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
1,742 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: Kenneth Richardson • Ken Richardson Realty Company
Mls Name: IRMLS
Mls ID: #202543373