1410 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 1410 E Fairfax Ave, Fort Wayne, IN, 46806 listed at $109,900 pairs $989/mo rent with a $538/mo payment to leave $289/mo cash flow. Total monthly income runs $989/mo, and annual cash flow reaches $3,463/yr on $36,432 cash to close. Return on cash invested measures 29.42% in year one, and rental yield registers 10.8% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 154.13% and total cumulative return in cash totals $56,152. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $989/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Brian Schaper • Metro Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508515
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