2115 Andrew StFort 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 2115 Andrew St, Fort Wayne, IN, 46808 uses $49,723 cash to close to unlock $3,093/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,158/mo, and a $734/mo payment keeps the spread at $258/mo. Purchase price stands at $149,995, and rental yield measures 9.26% with $1,158/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $41,441 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash records $67,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,158/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1909
5,227 sqft lot
$N/A/sqft
No 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: Raylene Webb • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202539438