1920 Lava Falls XingFort WayneIN46808
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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 1920 Lava Falls Xing, Fort Wayne, IN, 46808 earns $653/mo cash flow from $2,004/mo rent with a $1,087/mo payment. Total monthly income totals $2,004/mo, and annual cash flow totals $7,834/yr on $73,593 capital. ROI tracks 30.55% on current figures, and rental yield reads 10.83% at a $222,000 purchase. Equity gained on principal adds $1,433/yr, and 5% annual appreciation supports $61,335 over five years. Five-year ROI reaches 159.8% and total cumulative return in cash sums $117,603. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,004/mo property income instead of your personal income.
Single Family
Built in 2003
8,276 sqft lot
$N/A/sqft
$217 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Scott Yoder • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507955
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.