816 Warwick AveFort WayneIN46825
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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 816 Warwick Ave, Fort Wayne, IN, 46825 priced at $179,900 converts $1,828/mo rent into $748/mo cash flow after a $881/mo obligation. Total monthly income equals $1,828/mo, and annual cash flow totals $8,971/yr on $59,637 invested. Return on cash invested prints 34.95% in year one, and rental yield reads 12.19% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 183.3% and total cumulative return in cash sums $109,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,828/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Tina Baxter • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202536681