4120 Meda PassFort WayneIN46809
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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 4120 Meda Pass, Fort Wayne, IN, 46809 listed at $183,000 pairs $1,553/mo rent with a $896/mo payment to leave $454/mo cash flow. Total monthly income runs $1,553/mo, and annual cash flow reaches $5,450/yr on $60,665 cash to close. Return on cash invested measures 28.89% in year one, and rental yield registers 10.18% at a $183,000 basis. Equity gained on principal adds $1,181/yr, and annual property appreciation at 5% supports $50,560 by year five. Five-year ROI tracks 150.85% and total cumulative return in cash totals $91,511. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,553/mo property income relative to a $896/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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Listed by: Daung Aye • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533549
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.