1419 Wood AveFort WayneIN46825
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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 Wood Ave, Fort Wayne, IN, 46825 offers a 9.56% rental yield on a $155,000 purchase with $1,235/mo rent. Total monthly income registers $1,235/mo, and a $759/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,651/yr on $51,383 to close, and return on cash invested stands at 27.01% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 140.76% and total cumulative return in cash at $72,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,235/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Don Bowers • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202527387