3115 Lillie StFort WayneIN46806
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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 3115 Lillie St, Fort Wayne, IN, 46806 generates $1,028/mo in rent and, after a $563/mo payment, leaves $338/mo in cash flow. Total monthly income is $1,028/mo, and annual cash flow is $4,050/yr on $38,123 invested. Return on cash invested sits at 30.53% in year one, and rental yield is 10.73% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 159.65% and total cumulative return in cash sums $60,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,028/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Tyler Jackson • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508291
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.