702 Archer AveFort WayneIN46808
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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 702 Archer Ave, Fort Wayne, IN, 46808 with 5% annual appreciation on a $169,900 basis while $1,476/mo rent supports operations. Total monthly income totals $1,476/mo and a $832/mo payment preserves $456/mo for cash returns. Annual cash flow comes to $5,468/yr on $56,322 deployed, and return on cash invested reaches 29.62% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 10.42%. Five-year ROI measures 154.69% and total cumulative return in cash totals $87,122.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,476/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
3,920 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: James Felger • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202549519