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Values up to $95K, Rent hits $1,030
Updated 2 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property at 1225 E Pettit Avenue shows strong rental potential in the current Fort Wayne market. Monthly income projections range between 943 and 1,030 dollars, offering a solid foundation for steady cash flow performance. With an estimated rental yield of approximately 14.7 percent, this investment is well-positioned for investors seeking reliable returns. These figures demonstrate consistent demand for comparable two-bedroom homes, making this an attractive opportunity for rental income.
More about this home
Neighborhood Assessment
Pettit-Rudisill in Fort Wayne is a working-class neighborhood with lots of single-family homes. Most streets have sidewalks and the area’s pretty walkable, especially for basic errands. You’ll find public transport options close by, though amenities like upscale shopping or trendy cafes are a bit further away. The local schools are okay but not stellar, which may matter if you’re thinking family appeal. Home values here are affordable, with nearby comps for similar 2-bed, 1-bath, 725 sqft homes mostly in the $85K–$105K range. The area isn’t seeing massive new developments, but it’s stable—no major blight, just steady demand for reasonably priced housing. Other homes nearby rent for around $900 a month, so you know the rental market’s moving.
Market Activity
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Rental Income
$12K
Yield
14.7%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from $117 to $143. This represents a 22% increase, showing that fresh updates capture buyer interest and help your property shine in today’s market. For investors or homeowners, these improvements unlock higher rent potential and offer a solid $18,825 boost in equity. Upgrading your space creates a stylish, desirable home that stands out and promises lasting long-term financial rewards.
Value Add
$19K
Appreciation
$2K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $98,000 and $108,000. Renovations capitalize on a 22% price-per-square-foot increase, effectively bridging the gap between baseline market values and higher-end renovated comps. The projected annual rental income of $11,304 generates an attractive 11% yield. This performance, supported by steady market appreciation, provides a reliable cash flow foundation for investors seeking value-add opportunities in this specific zip code.
Rental Income
$11K
Yield
11.0%
Appreciation
$2K
Year 1 Estimates, Post Typical Renovation
Estimated value
$80K
$31.6K below comp median
Comparative Market Analysis
$100K – $130K
~97 days to sell
Based on 8 comps
1225 E Pettit Ave, Fort Wayne Investment Report: Flip & Rental Analysis · Frontflip