2402 S Harrison StFort WayneIN46807
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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 2402 S Harrison St, Fort Wayne, IN, 46807 listed at $208,000 pairs $1,454/mo rent with a $1,018/mo payment to leave $201/mo cash flow. Total monthly income runs $1,454/mo, and annual cash flow reaches $2,407/yr on $68,952 cash to close. Return on cash invested measures 23.4% in year one, and rental yield registers 8.39% at a $208,000 basis. Equity gained on principal adds $1,342/yr, and annual property appreciation at 5% supports $57,467 by year five. Five-year ROI tracks 121.37% and total cumulative return in cash totals $83,688. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,454/mo property income relative to a $1,018/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
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Listed by: TJ Short • Limitless Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431021
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