10057 Chapmans CvFort WayneIN46835
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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 10057 Chapmans Cv, Fort Wayne, IN, 46835 uses $121,826 cash to close to unlock $1,710/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $2,373/mo, and a $1,799/mo payment keeps the spread at $143/mo. Purchase price stands at $367,500, and rental yield measures 7.75% with $2,373/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $101,533 over five years. Five-year ROI reaches 110.22% and total cumulative return in cash records $134,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,373/mo property income covering a $1,799/mo payment rather than investor’s personal income.
Condo
Built in 2015
9,147 sqft lot
$N/A/sqft
$290 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46835, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,808 (100%) |
| Owner Occupied HU | 11,514 (68.5%) |
| Renter Occupied HU | 4,564 (27.2%) |
| Vacant Housing Units | 730 ( 4.3%) |
| Median Home Value | $251,777 |
| Average Home Value | $294,834 |
Housing Distribution
Address Breakdown
Residential
16,081
Single Family
15,470
Multi-Family
611
Businesses
274
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Listed by: Beth Walker • Fairfield Group REALTORS, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523544
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.