2116 Saint Louis AveFort WayneIN46819
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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 2116 Saint Louis Ave, Fort Wayne, IN, 46819 uses $69,615 cash to close to unlock $6,987/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $1,846/mo, and a $1,028/mo payment keeps the spread at $582/mo. Purchase price stands at $210,000, and rental yield measures 10.55% with $1,846/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 156.49% and total cumulative return in cash records $108,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,846/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,841 sqft lot
$N/A/sqft
$3 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
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