1711 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 1711 Spring St, Fort Wayne, IN, 46808 earns $917/mo cash flow from $1,637/mo rent with a $587/mo payment. Total monthly income totals $1,637/mo, and annual cash flow totals $11,005/yr on $39,747 capital. ROI tracks 47.6% on current figures, and rental yield reads 16.38% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 251.19% and total cumulative return in cash sums $99,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,637/mo property income instead of your personal income.
Single Family
Built in 1940
5,662 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: Destiney Lawson • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls ID: #202538108