820 Pasadena DrFort WayneIN46807
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
Investment property for sale in Fort Wayne at 820 Pasadena Dr, Fort Wayne, IN, 46807 at $172,900 posts ROI 26.41% with $310/mo cash flow from $1,348/mo rent. Total monthly income equals $1,348/mo, and annual cash flow records $3,724/yr on $57,316 to close. Return on cash invested measures 26.41% and rental yield reads 9.36% at the current $172,900. Equity gained on principal adds $1,116/yr, and 5% annual appreciation supports $47,769 by year five. Five-year ROI prints 137.5% and total cumulative return in cash totals $78,812.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,348/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
2,265 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glenn Abels • Abels Real Estate
Mls Name: IRMLS
Mls ID: #202536185