3701 Smith 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 3701 Smith St, Fort Wayne, IN, 46806 offers a 10.66% rental yield on a $125,000 purchase with $1,110/mo rent. Total monthly income registers $1,110/mo, and a $612/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,314/yr on $41,438 to close, and return on cash invested stands at 30.32% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 158.51% and total cumulative return in cash at $65,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,110/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
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Listed by: Elle Hinton • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528377
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