353 French AveFort 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 353 French Ave, Fort Wayne, IN, 46807 with 5% annual appreciation on a $115,000 basis while $1,122/mo rent supports operations. Total monthly income totals $1,122/mo and a $563/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,178/yr on $38,123 deployed, and return on cash invested reaches 33.49% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 11.71%. Five-year ROI measures 175.51% and total cumulative return in cash totals $66,909.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,122/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,662 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: Heather Bolton • Agency & Co. Real Estate
Mls Name: IRMLS
Mls ID: #202600251