4227 Vance AveFort WayneIN46815
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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 4227 Vance Ave, Fort Wayne, IN, 46815 generates $1,794/mo in rent and, after a $930/mo payment, leaves $653/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $7,841/yr on $62,985 invested. Return on cash invested sits at 32.36% in year one, and rental yield is 11.33% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 169.41% and total cumulative return in cash sums $106,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Timothy McCulloch • Scheerer McCulloch Auctioneers
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071452