129 Lexington AveFort WayneIN46807
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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 129 Lexington Ave, Fort Wayne, IN, 46807 uses $61,294 cash to close to unlock $2,401/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,310/mo, and a $905/mo payment keeps the spread at $200/mo. Purchase price stands at $184,900, and rental yield measures 8.5% with $1,310/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 123.66% and total cumulative return in cash records $75,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,310/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
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Listed by: Matthew Donahue • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202530566