2905 Allegany AveFort WayneIN46809
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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 2905 Allegany Ave, Fort Wayne, IN, 46809 generates $1,729/mo in rent and, after a $787/mo payment, leaves $764/mo in cash flow. Total monthly income is $1,729/mo, and annual cash flow is $9,165/yr on $53,305 invested. Return on cash invested sits at 37.1% in year one, and rental yield is 12.9% on a $160,800 entry. Equity gained on principal adds $1,038/yr, while 5% annual appreciation builds toward $44,426 over five years. Five-year ROI reaches 194.82% and total cumulative return in cash sums $103,849. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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