208 W Fleming Ave, Fort Wayne, IN, 46807 | $434/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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208 W Fleming Ave, Fort Wayne, IN, 46807 | $434/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

Investment property for sale in Fort Wayne at 208 W Fleming Ave, Fort Wayne, IN, 46807 listed at $235,000 pairs $1,844/mo rent with a $1,150/mo payment to leave $434/mo cash flow. Total monthly income runs $1,844/mo, and annual cash flow reaches $5,202/yr on $77,903 cash to close. Return on cash invested measures 26.59% in year one, and rental yield registers 9.42% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 138.42% and total cumulative return in cash totals $107,836. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,844/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1937

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 1.5-bath home offering 1,972 sq ft of character and comfort in one of Fort Waynes most established neighborhoods. Built in 1937, this home blends classic features with thoughtful updates, creating a warm and inviting place to call your own. Step inside to beautiful wood floors, timeless built-in cabinetry, and plenty of natural light throughout. The main level offers spacious living and dining areas perfect for daily living or entertaining. Upstairs, youll find three comfortable bedrooms and a full bath. Recent improvements include a new HVAC system and garbage disposal installed in 2025, providing added peace of mind and efficiency. The property also features a fully fenced yardideal for pets, play, or relaxing outdoorsalong with practical touches like a laundry chute leading directly to the washer and dryer in the basement. With its character, charm, and convenient location, this home is truly a must-see. Dont miss the chance to make it yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,888 (100%)
Owner Occupied HU	3,948 (57.3%)
Renter Occupied HU	2,419 (35.1%)
Vacant Housing Units	521 ( 7.6%)
Median Home Value	$189,648
Average Home Value	$217,450