628 Anderson 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 628 Anderson Ave, Fort Wayne, IN, 46805 priced at $135,900 converts $1,182/mo rent into $277/mo cash flow after a $665/mo obligation. Total monthly income equals $1,182/mo, and annual cash flow totals $3,319/yr on $45,051 invested. Return on cash invested prints 27.28% in year one, and rental yield reads 10.44% against a $135,900 entry. Equity gained on principal adds $877/yr, while 5% annual appreciation compiles into $37,547 by year five. Five-year ROI reaches 143% and total cumulative return in cash sums $64,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,182/mo property income covering a $665/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
435 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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Nearby investment properties with comparable prices
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