5000 Ardmore AveFort WayneIN46809
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
Investment property for sale in Fort Wayne at 5000 Ardmore Ave, Fort Wayne, IN, 46809 at $310,000 posts ROI 19.79% with from $1,850/mo rent. Total monthly income equals $1,850/mo. Return on cash invested measures 19.79% and rental yield reads 7.16% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 101.96% and total cumulative return in cash totals $104,779. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,850/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany E Meza • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516667
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.