408 W Brackenridge StFort WayneIN46802
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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 408 W Brackenridge St, Fort Wayne, IN, 46802 priced at $360,000 pairs $2,731/mo rent with $285/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,731/mo, and annual cash flow comes to $3,424/yr on $119,340 invested. Return on cash invested is 22.78% in year one, and rental yield stands at 9.1% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 119.05% and total cumulative return in cash reaches $142,077. For financing, Ziffy Mortgage’s DSCR program evaluates $2,731/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2019
871.20 sqft lot
$N/A/sqft
$1,800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Housing Distribution
Address Breakdown
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
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Listed by: Evan Riecke • Encore Sotheby's International Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202501211
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.