545 Charlotte AveFort WayneIN46805
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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 545 Charlotte Ave, Fort Wayne, IN, 46805 offers $1,883/mo rent that, after a $978/mo payment, leaves $683/mo cash flow. Total monthly income is $1,883/mo, and annual cash flow is $8,201/yr on $66,267 cash. Return on cash invested measures 32.29% in year one, and rental yield stands at 11.3% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 169.01% and total cumulative return in cash reaches $111,997. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,883/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Housing Distribution
Address Breakdown
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
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Listed by: Lakyne Webb • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls ID: #202544117