1825 3rd St, Fort Wayne, IN, 46808 | $432/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1825 3rd St, Fort Wayne, IN, 46808 | $432/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fort Wayne at 1825 3rd St, Fort Wayne, IN, 46808 generates $1,320/mo in rent and, after a $724/mo payment, leaves $432/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $5,184/yr on $49,062 invested. Return on cash invested sits at 30.47% in year one, and rental yield is 10.7% on a $148,000 entry. Equity gained on principal adds $955/yr, while 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 159.26% and total cumulative return in cash sums $78,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.

Single Family

Built in 1930

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming and move-in ready, this 2-bed, 1-bath ranch-style home offers comfortable main-level living plus a full unfinished basement for storage or future expansion. Located in a quiet, primarily owner-occupied neighborhood within Fort Wayne Community Schools, youll love the convenience of being near walking trails, parks, and city amenities. A welcoming enclosed front porch leads into a spacious living room and an eat-in kitchen equipped with a gas cooktop, built-in ovens, refrigerator, dishwasher, and more all appliances stay, including the washer and gas dryer. Natural woodwork, cedar closets, insulated windows, and ceiling fans add charm and comfort. Outside, enjoy a privacy-fenced yard with landscaping and a detached 1-car garage plus off-street parking. Major updates include energy-efficient windows, storm doors, and improved insulation. The home features gas heat, central air, and both gas and electric range hook-ups for flexibility. With a 6,300 sq ft lot, proximity to walking trails, and easy access to downtown, this is a great opportunity for first-time buyers, downsizers, or investors. Possession at closing!

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