3424 McKinnie AveFort 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
Investment property for sale in Fort Wayne at 3424 McKinnie Ave, Fort Wayne, IN, 46806 uses $46,410 cash to close to unlock $6,142/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $1,352/mo, and a $685/mo payment keeps the spread at $512/mo. Purchase price stands at $140,000, and rental yield measures 11.59% with $1,352/mo rent. Return on cash invested shows 33.14% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 173.55% and total cumulative return in cash records $80,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,352/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Jasmyn Ducharme • American Dream Team Real Estate Brokers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516830
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.