310 W Pettit AveFort WayneIN46807
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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 310 W Pettit Ave, Fort Wayne, IN, 46807 generates $1,200/mo in rent and, after a $778/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $2,951/yr on $52,675 invested. Return on cash invested sits at 25.51% in year one, and rental yield is 9.06% on a $158,900 entry. Equity gained on principal adds $1,025/yr, while 5% annual appreciation builds toward $43,901 over five years. Five-year ROI reaches 132.62% and total cumulative return in cash sums $69,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
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Listed by: Paul Ueber • Real Hoosier
Mls Name: IRMLS
Mls ID: #202539128