825 Putnam StFort 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
Rental property for sale in Fort Wayne at 825 Putnam St, Fort Wayne, IN, 46808 priced at $187,000 converts $1,392/mo rent into $270/mo cash flow after a $915/mo obligation. Total monthly income equals $1,392/mo, and annual cash flow totals $3,237/yr on $61,991 invested. Return on cash invested prints 25.13% in year one, and rental yield reads 8.93% against a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation compiles into $51,665 by year five. Five-year ROI reaches 130.6% and total cumulative return in cash sums $80,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,392/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,534 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: Rebecca Churchward • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls ID: #202542477