5248 Lake AveFort WayneIN46815
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 5248 Lake Ave, Fort Wayne, IN, 46815 earns $678/mo cash flow from $2,058/mo rent with a $1,125/mo payment. Total monthly income totals $2,058/mo, and annual cash flow totals $8,138/yr on $76,212 capital. ROI tracks 30.59% on current figures, and rental yield reads 10.74% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash sums $121,883. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,058/mo property income instead of your personal income.
Single Family
Built in 1940
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Elmore • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls ID: #202542559