2830 Crescent 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 2830 Crescent Ave, Fort Wayne, IN, 46805 listed at $185,500 pairs $1,806/mo rent with a $908/mo payment to leave $650/mo cash flow. Total monthly income runs $1,806/mo, and annual cash flow reaches $7,795/yr on $61,493 cash to close. Return on cash invested measures 32.59% in year one, and rental yield registers 11.68% at a $185,500 basis. Equity gained on principal adds $1,197/yr, and annual property appreciation at 5% supports $51,250 by year five. Five-year ROI tracks 170.89% and total cumulative return in cash totals $105,087. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,806/mo property income relative to a $908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.26 Acres 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: Marcia A Goff • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439740
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.