801 W Berry St UNIT BFort 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 801 W Berry St UNIT B, Fort Wayne, IN, 46802 with 5% annual appreciation on a $775,000 basis while $1,492/mo rent supports operations. 36% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 2.31%. Five-year ROI measures 19.52% and total cumulative return in cash totals $49,759. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,492/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1894
N/A lot
$N/A/sqft
$175 monthly 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: Melissa M Maddox • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443627
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.