4710 Karen 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
Investment property for sale in Fort Wayne at 4710 Karen Ave, Fort Wayne, IN, 46815 uses $69,582 cash to close to unlock $7,588/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $1,892/mo, and a $1,027/mo payment keeps the spread at $632/mo. Purchase price stands at $209,900, and rental yield measures 10.82% with $1,892/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 161.12% and total cumulative return in cash records $112,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,892/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,712 sqft 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: Elizabeth Thompson • Uptown Realty Group
Mls Name: IRMLS
Mls ID: #202528266