901 Prange DrFort WayneIN46807
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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
Investment property for sale in Fort Wayne at 901 Prange Dr, Fort Wayne, IN, 46807 uses $83,207 cash to close to unlock $3,150/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,229/mo payment keeps the spread at $262/mo. Purchase price stands at $251,000, and rental yield measures 8.61% with $1,800/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $69,347 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash records $102,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,229/mo payment rather than investor’s personal income.
Single Family
Built in 1935
5,662 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
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Listed by: Patricia Tritch • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521289
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.