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34
Values up to $240K, Rent at $1,692
Updated yesterday • 6 new comps
Your Investment Paths
Turnkey Rental
This property offers strong rent potential in the local market. Based on recent comparable data, you can expect monthly rental income ranging from $1,514 to $1,692, aligning well with the neighborhood's active leasing trends. With an impressive estimated annual yield of 13.75%, this asset serves as a solid income generator. The steady market-driven appreciation adds extra long-term value, making this a promising choice for your real estate portfolio.
More about this home
Neighborhood Assessment
The Pettit-Rudisill area in Fort Wayne is a steady middle-class neighborhood with mostly single-family homes and long-standing local residents. Walkability is decent, with basic grocery options, schools like Abbett Elementary just a short walk away, and some public transit nearby. Recent home sales on McKinnie Ave range from 85K–147K, with properties moving fairly quickly, so there’s solid local demand. You won’t get luxury shopping or dining here, but it’s a practical, established spot with some upside.
Market Activity
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Rental Income
$19K
Yield
13.7%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Updating a home creates a fresh, modern aesthetic that resonates with buyers looking for move-in ready comfort. While the price per square foot currently shows a slight variance—92 dollars versus 95 dollars—modern touches significantly increase market appeal. This upgrade transforms your property, making it more competitive and desirable. The potential for strong rent returns and a refined living space provides great value. Enjoy the process of modernizing your home to create a lasting, attractive residence.
Comps
6
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $160,000 and $177,000. Successful execution promises a respectable 11% yield, positioning the asset well within this market for both rental income and long-term appreciation. Investors can expect monthly rental income around $1,540, generating $18,486 annually. With moderate renovation costs, this deal presents a reliable cash-flow opportunity, balancing competitive entry pricing against steady demand for a four-bedroom single-family home.
Rental Income
$18K
Yield
11.0%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$140K
$71.1K below comp median
Comparative Market Analysis
$165K – $290K
~112 days to sell
Based on 8 comps
909 McKinnie Ave, Fort Wayne Investment Report: Flip & Rental Analysis · Frontflip