401 W Fairfax 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
Rental property for sale in Fort Wayne at 401 W Fairfax Ave, Fort Wayne, IN, 46807 priced at $120,000 converts $1,275/mo rent into $555/mo cash flow after a $587/mo obligation. Total monthly income equals $1,275/mo, and annual cash flow totals $6,660/yr on $39,780 invested. Return on cash invested prints 36.65% in year one, and rental yield reads 12.75% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 192.39% and total cumulative return in cash sums $76,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,275/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,405 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: Khin Kyaw • Uptown Realty Group
Mls Name: IRMLS
Mls ID: #202526789