1614 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
Investment property for sale in Fort Wayne at 1614 E Lewis St, Fort Wayne, IN, 46803 at $179,500 posts ROI 26.09% with $307/mo cash flow from $1,408/mo rent. Total monthly income equals $1,408/mo, and annual cash flow records $3,679/yr on $59,504 to close. Return on cash invested measures 26.09% and rental yield reads 9.41% at the current $179,500. Equity gained on principal adds $1,158/yr, and 5% annual appreciation supports $49,593 by year five. Five-year ROI prints 135.95% and total cumulative return in cash totals $80,896.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,408/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
5,227 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: Drew Buffenbarger • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514730
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.