238 E Suttenfield 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 238 E Suttenfield St, Fort Wayne, IN, 46803 at $175,000 posts ROI 22.63% with $132/mo cash flow from $1,206/mo rent. Total monthly income equals $1,206/mo, and annual cash flow records $1,581/yr on $58,013 to close. Return on cash invested measures 22.63% and rental yield reads 8.27% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 117.4% and total cumulative return in cash totals $68,107.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,206/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1925
4,950 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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Nearby investment properties with comparable prices
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