4013 S Wayne 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 4013 S Wayne Ave, Fort Wayne, IN, 46807 generates $1,291/mo in rent, after a $2,496/mo payment. Total monthly income is $1,291/mo. Return on cash invested sits at 7.4% in year one, and rental yield is 3.04% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 35.47% and total cumulative return in cash sums $59,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,291/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
5,227 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: Caleb Hunter • Orizon Real Estate, Inc.
Mls Name: IRMLS
Mls ID: #202541766