240 E Butler StFort WayneIN46803
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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 240 E Butler St, Fort Wayne, IN, 46803 priced at $124,900 pairs $1,002/mo rent with $253/mo cash flow after a $611/mo payment. Total monthly income equals $1,002/mo, and annual cash flow comes to $3,031/yr on $41,404 invested. Return on cash invested is 27.23% in year one, and rental yield stands at 9.63% on a $124,900 basis. Equity gained on principal adds $806/yr, and 5% annual appreciation accumulates to $34,508 by year five. Five-year ROI measures 141.89% and total cumulative return in cash reaches $58,750. For financing, Ziffy Mortgage’s DSCR program evaluates $1,002/mo property income against a $611/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
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Listed by: Leanna Hiner • Realty of America LLC
Mls Name: IRMLS
Mls ID: #202543239