2521 Stanford 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
Investment property for sale in Fort Wayne at 2521 Stanford Ave, Fort Wayne, IN, 46808 listed at $193,100 pairs $1,624/mo rent with a $945/mo payment to leave $465/mo cash flow. Total monthly income runs $1,624/mo, and annual cash flow reaches $5,580/yr on $64,013 cash to close. Return on cash invested measures 28.63% in year one, and rental yield registers 10.09% at a $193,100 basis. Equity gained on principal adds $1,246/yr, and annual property appreciation at 5% supports $53,350 by year five. Five-year ROI tracks 149.35% and total cumulative return in cash totals $95,606. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,624/mo property income relative to a $945/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.28 Acres 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: Scott M Straub • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525895
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.