721 W Wayne StFort WayneIN46802
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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 721 W Wayne St, Fort Wayne, IN, 46802 offers $3,725/mo rent that, after a $4,649/mo payment. Total monthly income is $3,725/mo. Return on cash invested measures 12.32% in year one, and rental yield stands at 4.71% at a $949,900 entry. Equity gained on principal adds $6,130/yr while 5% annual appreciation compounds into $262,440 by year five. Five-year ROI records 61.91% and total cumulative return in cash reaches $193,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,725/mo property income versus a $4,649/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1889
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Housing Distribution
Address Breakdown
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
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Listed by: Glenn Ellenberger • Keystone Realty and Auction LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522397
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.