1429 E Lewis 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
Rental property for sale in Fort Wayne at 1429 E Lewis St, Fort Wayne, IN, 46803 generates $1,059/mo in rent and, after a $660/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,059/mo, and annual cash flow is $2,994/yr on $44,719 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 9.42% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 138.53% and total cumulative return in cash sums $61,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,059/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
4,356 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: Brandon C Stone • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202548189