472 Wiebke StFort WayneIN46806
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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
Rental property for sale in Fort Wayne at 472 Wiebke St, Fort Wayne, IN, 46806 generates $1,073/mo in rent and, after a $582/mo payment, leaves $359/mo in cash flow. Total monthly income is $1,073/mo, and annual cash flow is $4,309/yr on $39,449 invested. Return on cash invested sits at 30.83% in year one, and rental yield is 10.82% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 161.3% and total cumulative return in cash sums $63,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,073/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,548 sqft lot
$N/A/sqft
No HOA
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Listed by: Dan Trenary • Realty ONE Group Envision
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437222
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.