1227 W Berry StFort WayneIN46802
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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 1227 W Berry St, Fort Wayne, IN, 46802 uses $140,854 cash to close to unlock $1,345/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $2,663/mo, and a $2,080/mo payment keeps the spread at $112/mo. Purchase price stands at $424,900, and rental yield measures 7.52% with $2,663/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 107.75% and total cumulative return in cash records $151,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,663/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Housing Distribution
Address Breakdown
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
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Listed by: Jared Kent • Anthony REALTORS
Mls Name: IRMLS
Mls ID: #202600072