514 Buchanan StFort WayneIN46803
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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 514 Buchanan St, Fort Wayne, IN, 46803 with 5% annual appreciation on a $114,900 basis while $1,093/mo rent supports operations. Total monthly income totals $1,093/mo and a $562/mo payment preserves $404/mo for cash returns. Annual cash flow comes to $4,844/yr on $38,089 deployed, and return on cash invested reaches 32.63% in year one. Equity gained on principal adds $741/yr, and five-year appreciation sums $31,745 alongside rental yield of 11.42%. Five-year ROI measures 170.82% and total cumulative return in cash totals $65,066.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,093/mo property income versus a $562/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
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Listed by: Brandon C Stone • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202602572