423 W Masterson AveFort WayneIN46802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 423 W Masterson Ave, Fort Wayne, IN, 46802 priced at $131,900 pairs $1,171/mo rent with $307/mo cash flow after a $646/mo payment. Total monthly income equals $1,171/mo, and annual cash flow comes to $3,686/yr on $43,725 invested. Return on cash invested is 28.34% in year one, and rental yield stands at 10.65% on a $131,900 basis. Equity gained on principal adds $851/yr, and 5% annual appreciation accumulates to $36,442 by year five. Five-year ROI measures 148.61% and total cumulative return in cash reaches $64,979. For financing, Ziffy Mortgage’s DSCR program evaluates $1,171/mo property income against a $646/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
3,564 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Housing Distribution
Address Breakdown
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A