2109 Maumee AveFort WayneIN46803
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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 2109 Maumee Ave, Fort Wayne, IN, 46803 earns $506/mo cash flow from $1,346/mo rent with a $685/mo payment. Total monthly income totals $1,346/mo, and annual cash flow totals $6,070/yr on $46,410 capital. ROI tracks 32.99% on current figures, and rental yield reads 11.54% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 172.74% and total cumulative return in cash sums $80,170. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,346/mo property income instead of your personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
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Listed by: Drew Buffenbarger • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202536441