3005 Webster 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
Rental property for sale in Fort Wayne at 3005 Webster St, Fort Wayne, IN, 46807 offers $1,461/mo rent that, after a $1,076/mo payment, leaves $141/mo cash flow. Total monthly income is $1,461/mo, and annual cash flow is $1,695/yr on $72,897 cash. Return on cash invested measures 22.23% in year one, and rental yield stands at 7.97% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 115.12% and total cumulative return in cash reaches $83,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,461/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,227 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: Eric Smith • Uptown Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512185
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.