4632 Portney PlFort WayneIN46818
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 4632 Portney Pl, Fort Wayne, IN, 46818 priced at $350,000 converts $2,962/mo rent into $826/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,962/mo, and annual cash flow totals $9,908/yr on $116,025 invested. Return on cash invested prints 28.45% in year one, and rental yield reads 10.16% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 148.53% and total cumulative return in cash sums $172,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,962/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.25 Acres lot
$N/A/sqft
$425 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber Harper • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537728
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.