2628 Reed 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 2628 Reed St, Fort Wayne, IN, 46803 uses $35,802 cash to close to unlock $7,676/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $529/mo payment keeps the spread at $640/mo. Purchase price stands at $108,000, and rental yield measures 14.93% with $1,344/mo rent. Return on cash invested shows 41.35% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 218.29% and total cumulative return in cash records $78,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1910
6,534 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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Listed by: Tyler Dohner • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520975
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.