3020 White Oak 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
Rental property for sale in Fort Wayne at 3020 White Oak Ave, Fort Wayne, IN, 46805 generates $1,764/mo in rent and, after a $969/mo payment, leaves $576/mo in cash flow. Total monthly income is $1,764/mo, and annual cash flow is $6,908/yr on $65,604 invested. Return on cash invested sits at 30.44% in year one, and rental yield is 10.7% on a $197,900 entry. Equity gained on principal adds $1,277/yr, while 5% annual appreciation builds toward $54,676 over five years. Five-year ROI reaches 159.1% and total cumulative return in cash sums $104,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,764/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.39 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: Joseph Bruce • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202539825