1014 Butler Lake Ct, Fort Wayne, IN, 46818 | $66/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1014 Butler Lake Ct, Fort Wayne, IN, 46818 | $66/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 1014 Butler Lake Ct, Fort Wayne, IN, 46818 generates $1,866/mo in rent and, after a $1,468/mo payment, leaves $66/mo in cash flow. Total monthly income is $1,866/mo, and annual cash flow is $787/yr on $99,417 invested. Return on cash invested sits at 20.7% in year one, and rental yield is 7.47% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 106.85% and total cumulative return in cash sums $106,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,866/mo property income rather than buyer’s personal income.

Condo

Built in 2025

7,797 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of comfort, style, and functionality in this thoughtfully designed single-story home at 1014 Butler Lake Court. Located in a quiet villa community! Featuring 3 spacious bedrooms and 2 full baths, this home offers open-concept living with a modern kitchen, walk-in corner pantry, and a large great room that seamlessly connects to the casual dining area. The kitchen is expertly designed with soft-close lainecraft sarsaparilla cabinets, lyra quartz countertops, calacatta empire backsplash, and stainless steel appliances. The private owners suite includes a walk-in closet and a spa-inspired bath featuring a ceramic tile walk-in shower, creating a peaceful retreat. Two additional bedrooms are located near a full bath, making this layout ideal for families, guests, or a home office. Enjoy convenience with a laundry room, ample storage, and a finished 2-car garage. Outdoor living is easy with a covered porch and optional screened porch, perfect for relaxing or entertaining. With its smart use of space and inviting flow, this home is designed to fit todays lifestyle. Ideal for first-time buyers, growing families, or those looking to downsize, this plan combines modern living with timeless comfort. Visit today for more information on 1014 Butler Lake Court. Photos representative of plan only and may vary as built.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,825 (100%)
Owner Occupied HU	7,623 (77.6%)
Renter Occupied HU	1,718 (17.5%)
Vacant Housing Units	484 ( 4.9%)
Median Home Value	$245,867
Average Home Value	$263,378