2626 Lynn 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 2626 Lynn Ave, Fort Wayne, IN, 46805 uses $39,747 cash to close to unlock $598/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $915/mo, and a $587/mo payment keeps the spread at $50/mo. Purchase price stands at $119,900, and rental yield measures 9.16% with $915/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 112.25% and total cumulative return in cash records $44,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $915/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,791 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: Robert J Rolf • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533664
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.