3228 Reed StFort WayneIN46806
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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 3228 Reed St, Fort Wayne, IN, 46806 with 5% annual appreciation on a $119,000 basis while $1,183/mo rent supports operations. Total monthly income totals $1,183/mo and a $582/mo payment preserves $469/mo for cash returns. Annual cash flow comes to $5,629/yr on $39,449 deployed, and return on cash invested reaches 34.18% in year one. Equity gained on principal adds $768/yr, and five-year appreciation sums $32,878 alongside rental yield of 11.93%. Five-year ROI measures 179.24% and total cumulative return in cash totals $70,709.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,183/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
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Listed by: Margaret A Rhea • P&A World Properties International
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442617
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