1403 Cass 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 1403 Cass St, Fort Wayne, IN, 46808 uses $69,582 cash to close to unlock $3,046/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,599/mo, and a $1,027/mo payment keeps the spread at $254/mo. Purchase price stands at $209,900, and rental yield measures 9.14% with $1,599/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 126.61% and total cumulative return in cash records $88,100. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,599/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.73 Acres 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: Vicki Roy • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532135
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.