740 Davis StFort 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 740 Davis St, Fort Wayne, IN, 46808 priced at $124,000 converts $1,508/mo rent into $764/mo cash flow after a $607/mo obligation. Total monthly income equals $1,508/mo, and annual cash flow totals $9,163/yr on $41,106 invested. Return on cash invested prints 42.2% in year one, and rental yield reads 14.59% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 222.16% and total cumulative return in cash sums $91,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,508/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Lauritsen • Hoosier Real Estate Group
Mls Name: IRMLS
Mls ID: #202600221