805 Edgewater 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 805 Edgewater Ave, Fort Wayne, IN, 46805 priced at $110,000 converts $1,342/mo rent into $682/mo cash flow after a $538/mo obligation. Total monthly income equals $1,342/mo, and annual cash flow totals $8,185/yr on $36,465 invested. Return on cash invested prints 42.36% in year one, and rental yield reads 14.64% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 223.12% and total cumulative return in cash sums $81,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,342/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,534 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: Brian Schaper • Metro Real Estate, LLC
Mls Name: IRMLS
Mls ID: #202529777