615 Vance AveFort WayneIN46805
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 615 Vance Ave, Fort Wayne, IN, 46805 priced at $164,200 pairs $1,540/mo rent with $554/mo cash flow after a $804/mo payment. Total monthly income equals $1,540/mo, and annual cash flow comes to $6,648/yr on $54,432 invested. Return on cash invested is 32.12% in year one, and rental yield stands at 11.25% on a $164,200 basis. Equity gained on principal adds $1,060/yr, and 5% annual appreciation accumulates to $45,365 by year five. Five-year ROI measures 168.19% and total cumulative return in cash reaches $91,548. For financing, Ziffy Mortgage’s DSCR program evaluates $1,540/mo property income against a $804/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
9,583 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: Angie Jarrett • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202237166
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.