801 W Washington Blvd, Fort Wayne, IN, 46802 | $425/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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801 W Washington Blvd, Fort Wayne, IN, 46802 | $425/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fort Wayne at 801 W Washington Blvd, Fort Wayne, IN, 46802 priced at $325,000 converts $2,376/mo rent into $425/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,376/mo, and annual cash flow totals $5,097/yr on $107,738 invested. Return on cash invested prints 24.64% in year one, and rental yield reads 8.77% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 127.97% and total cumulative return in cash sums $137,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,376/mo property income covering a $1,591/mo payment, not borrower’s personal income.

Single Family

Built in 1945

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this exquisitely remodeled 2-bedroom, 1.5-bath home that blends modern updates with a lifestyle you wont find anywhere else. Recently featured in the West Central Home and Garden Tour, now available for its next chapter! Major improvements give peace of mind, including a new roof (2019) and new HVAC system (2020). Inside, every inch of space has been thoughtfully designed with creative touches and efficient use of every corner. Sip your morning coffee in the sunroom, or stroll just one block to Daveys Delicious Bagels. Cozy up for a movie night in the inviting living room, or walk down the street to catch a performance at Arena Dinner Theater. Cook up something special in the beautifully updated kitchen, or explore more than 70 restaurants, bars, and cafs in the heart of downtown Fort Wayne. Relax with a cigar on your back patio, or replenish your humidor at Rudys Cigar Bar. Park in your newly built 2-car garage, or skip the drive altogether and bike or walk wherever you need to be. Splash around in your luxurious, remodeled full bathroom, or grab a kayak from Fort Wayne Outfitters and hit the rivers. With its location at the crossroads of Downtown and the historic West Central neighborhood, this home is more than a place to live, its a gateway to the vibrant lifestyle Fort Wayne is known for.

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