440 W Fleming AveFort WayneIN46807
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 440 W Fleming Ave, Fort Wayne, IN, 46807 priced at $164,500 converts $1,280/mo rent into $293/mo cash flow after a $805/mo obligation. Total monthly income equals $1,280/mo, and annual cash flow totals $3,512/yr on $54,532 invested. Return on cash invested prints 26.35% in year one, and rental yield reads 9.34% against a $164,500 entry. Equity gained on principal adds $1,061/yr, while 5% annual appreciation compiles into $45,448 by year five. Five-year ROI reaches 137.16% and total cumulative return in cash sums $74,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,280/mo property income covering a $805/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.26 Acres 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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Nearby investment properties with comparable prices
Listed by: Michael Payne • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls ID: #202601444