1131 E Lewis StFort WayneIN46803
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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 1131 E Lewis St, Fort Wayne, IN, 46803 with 5% annual appreciation on a $184,900 basis while $1,425/mo rent supports operations. Total monthly income totals $1,425/mo and a $905/mo payment preserves $147/mo for cash returns. Annual cash flow comes to $1,758/yr on $61,294 deployed, and return on cash invested reaches 22.78% in year one. Equity gained on principal adds $1,193/yr, and five-year appreciation sums $51,084 alongside rental yield of 9.25%. Five-year ROI measures 119.2% and total cumulative return in cash totals $73,063.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,425/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
7,405 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
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Listed by: Jamie Rencher • JM Realty Associates, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513690
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.