1419 Summit StFort WayneIN46803
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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 1419 Summit St, Fort Wayne, IN, 46803 offers a 9.61% rental yield on a $159,000 purchase with $1,273/mo rent. Total monthly income registers $1,273/mo, and a $778/mo payment leaves $319/mo available for distribution. Annual cash flow reaches $3,825/yr on $52,709 to close, and return on cash invested stands at 27.17% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 141.54% and total cumulative return in cash at $74,604. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,273/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
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Listed by: Nena M Bailey • Bailey Realty Group, LLC.
Mls Name: IRMLS
Mls ID: #202537927