1409 E Fairfax AveFort WayneIN46806
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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 1409 E Fairfax Ave, Fort Wayne, IN, 46806 uses $36,134 cash to close to unlock $4,382/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $534/mo payment keeps the spread at $365/mo. Purchase price stands at $109,000, and rental yield measures 11.23% with $1,020/mo rent. Return on cash invested shows 32.04% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 167.77% and total cumulative return in cash records $60,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Scott Jester • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516290
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.