718 Irene AveFort WayneIN46808
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 718 Irene Ave, Fort Wayne, IN, 46808 priced at $189,900 pairs $1,255/mo rent with $116/mo cash flow after a $929/mo payment. Total monthly income equals $1,255/mo, and annual cash flow comes to $1,386/yr on $62,952 invested. Return on cash invested is 22.11% in year one, and rental yield stands at 7.93% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 114.42% and total cumulative return in cash reaches $72,029. For financing, Ziffy Mortgage’s DSCR program evaluates $1,255/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Kenson Dhanie • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202541384