501 E Lewis 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
Investment property for sale in Fort Wayne at 501 E Lewis St, Fort Wayne, IN, 46802 earns $174/mo cash flow from $861/mo rent with a $560/mo payment. Total monthly income totals $861/mo, and annual cash flow totals $2,089/yr on $37,957 capital. ROI tracks 25.41% on current figures, and rental yield reads 9.02% at a $114,500 purchase. Equity gained on principal adds $739/yr, and 5% annual appreciation supports $31,634 over five years. Five-year ROI reaches 132.24% and total cumulative return in cash sums $50,192. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $861/mo property income instead of your personal income.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No 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: Olvin Martinez • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202602788