511 E Pettit Ave,Fort Wayne,IN,46806

Investment Highlights

Rental property for sale in Fort Wayne at 511 E Pettit Ave, Fort Wayne, IN, 46806 offers $1,020/mo rent that, after a $538/mo payment, leaves $360/mo cash flow. Total monthly income is $1,020/mo, and annual cash flow is $4,321/yr on $36,465 cash. Return on cash invested measures 31.76% in year one, and rental yield stands at 11.13% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 166.28% and total cumulative return in cash reaches $60,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.