908 Liberty StFort WayneIN46803
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 908 Liberty St, Fort Wayne, IN, 46803 priced at $149,900 converts $1,130/mo rent into $230/mo cash flow after a $734/mo obligation. Total monthly income equals $1,130/mo, and annual cash flow totals $2,758/yr on $49,692 invested. Return on cash invested prints 25.46% in year one, and rental yield reads 9.05% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 132.38% and total cumulative return in cash sums $65,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,130/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1915
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob C McAfee • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202538881