1402 3rd StFort WayneIN46808
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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 1402 3rd St, Fort Wayne, IN, 46808 offers a 9.59% rental yield on a $102,000 purchase with $815/mo rent. Total monthly income registers $815/mo, and a $499/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,435/yr on $33,813 to close, and return on cash invested stands at 27.11% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,181 over five years. Portfolio math shows five-year ROI at 141.24% and total cumulative return in cash at $47,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $815/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Lucas Deck • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528586
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.