440 Penn AveFort WayneIN46805
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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 440 Penn Ave, Fort Wayne, IN, 46805 priced at $205,900 pairs $1,804/mo rent with $568/mo cash flow after a $1,008/mo payment. Total monthly income equals $1,804/mo, and annual cash flow comes to $6,814/yr on $68,256 invested. Return on cash invested is 29.89% in year one, and rental yield stands at 10.51% on a $205,900 basis. Equity gained on principal adds $1,329/yr, and 5% annual appreciation accumulates to $56,886 by year five. Five-year ROI measures 156.12% and total cumulative return in cash reaches $106,560. For financing, Ziffy Mortgage’s DSCR program evaluates $1,804/mo property income against a $1,008/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Housing Distribution
Address Breakdown
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
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Listed by: Lisa Firks • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202540918