230 Russell AveFort 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
Rental property for sale in Fort Wayne at 230 Russell Ave, Fort Wayne, IN, 46808 priced at $160,100 pairs $1,405/mo rent with $444/mo cash flow after a $784/mo payment. Total monthly income equals $1,405/mo, and annual cash flow comes to $5,323/yr on $53,073 invested. Return on cash invested is 29.94% in year one, and rental yield stands at 10.53% on a $160,100 basis. Equity gained on principal adds $1,033/yr, and 5% annual appreciation accumulates to $44,233 by year five. Five-year ROI measures 156.41% and total cumulative return in cash reaches $83,013. For financing, Ziffy Mortgage’s DSCR program evaluates $1,405/mo property income against a $784/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
7,840 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: Danielle Genth • Minear Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533704
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.