423 W 4th StFort WayneIN46808
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Nearby investment properties with comparable prices
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 423 W 4th St, Fort Wayne, IN, 46808 earns from $1,258/mo rent with a $1,590/mo payment. Total monthly income totals $1,258/mo. ROI tracks 12.2% on current figures, and rental yield reads 4.65% at a $324,900 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 over five years. Five-year ROI reaches 61.25% and total cumulative return in cash sums $65,969. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,258/mo property income instead of your personal income.
Single Family
Built in 1890
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Benjamin Wahli • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202527494