1646 Spring StFort WayneIN46808
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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 1646 Spring St, Fort Wayne, IN, 46808 uses $70,576 cash to close to unlock $1,788/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,427/mo, and a $1,042/mo payment keeps the spread at $149/mo. Purchase price stands at $212,900, and rental yield measures 8.04% with $1,427/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $58,820 over five years. Five-year ROI reaches 116.27% and total cumulative return in cash records $82,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,427/mo property income covering a $1,042/mo payment rather than investor’s personal income.
Single Family
Built in 1942
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Heidi M Haiflich • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202542581