2305 Springfield AveFort WayneIN46805
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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 2305 Springfield Ave, Fort Wayne, IN, 46805 earns $376/mo cash flow from $1,575/mo rent with a $974/mo payment. Total monthly income totals $1,575/mo, and annual cash flow totals $4,507/yr on $65,935 capital. ROI tracks 26.74% on current figures, and rental yield reads 9.5% at a $198,900 purchase. Equity gained on principal adds $1,283/yr, and 5% annual appreciation supports $54,952 over five years. Five-year ROI reaches 139.3% and total cumulative return in cash sums $91,847. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,575/mo property income instead of your personal income.
Single Family
Built in 1952
9,583 sqft lot
$N/A/sqft
$60 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Housing Distribution
Address Breakdown
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
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Listed by: Timothy S McCulloch • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513063
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.