2310 Vance 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 2310 Vance Ave, Fort Wayne, IN, 46805 uses $48,034 cash to close to unlock $5,501/yr annual cash flow and $458/mo monthly cash flow. Total monthly income runs $1,328/mo, and a $709/mo payment keeps the spread at $458/mo. Purchase price stands at $144,900, and rental yield measures 11% with $1,328/mo rent. Return on cash invested shows 31.36% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 164.06% and total cumulative return in cash records $78,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,328/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1965
4,356 sqft lot
$N/A/sqft
No 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: Jeremy J Luther • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202526785