324 Kinsmoor 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
Investment property for sale in Fort Wayne at 324 Kinsmoor Ave, Fort Wayne, IN, 46807 earns $293/mo cash flow from $1,313/mo rent with a $832/mo payment. Total monthly income totals $1,313/mo, and annual cash flow totals $3,511/yr on $56,355 capital. ROI tracks 26.14% on current figures, and rental yield reads 9.27% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 136.06% and total cumulative return in cash sums $76,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,313/mo property income instead of your personal income.
Single Family
Built in 1910
0.25 Acres 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: Christopher Cammack • Scott Estates
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521090
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.