545 Nuttman AveFort WayneIN46807
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
Rental property for sale in Fort Wayne at 545 Nuttman Ave, Fort Wayne, IN, 46807 priced at $172,500 pairs $1,081/mo rent with $46/mo cash flow after a $844/mo payment. Total monthly income equals $1,081/mo, and annual cash flow comes to $550/yr on $57,184 invested. Return on cash invested is 20.87% in year one, and rental yield stands at 7.52% on a $172,500 basis. Equity gained on principal adds $1,113/yr, and 5% annual appreciation accumulates to $47,659 by year five. Five-year ROI measures 107.76% and total cumulative return in cash reaches $61,622. For financing, Ziffy Mortgage’s DSCR program evaluates $1,081/mo property income against a $844/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
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Nearby investment properties with comparable prices
Listed by: Terra Hipp • Keller Williams Realty Group
Mls Name: IRMLS
Mls ID: #202532746