472 Penn AveFort WayneIN46805
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 472 Penn Ave, Fort Wayne, IN, 46805 priced at $230,000 pairs $1,981/mo rent with $600/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,981/mo, and annual cash flow comes to $7,201/yr on $76,245 invested. Return on cash invested is 29.35% in year one, and rental yield stands at 10.34% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 153.29% and total cumulative return in cash reaches $116,875. For financing, Ziffy Mortgage’s DSCR program evaluates $1,981/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.27 Acres 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: Samual Haiflich • BKM Real Estate
Mls Name: IRMLS
Mls ID: #202601309