2936 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 2936 Stanford Ave, Fort Wayne, IN, 46808 uses $55,659 cash to close to unlock $5,231/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $822/mo payment keeps the spread at $436/mo. Purchase price stands at $167,900, and rental yield measures 10.32% with $1,444/mo rent. Return on cash invested shows 29.31% in year one, and 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 153.01% and total cumulative return in cash records $85,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft 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: Leah Jimenez • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202544350