1014 Oak Bay RunFort WayneIN46825
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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 1014 Oak Bay Run, Fort Wayne, IN, 46825 generates $1,837/mo in rent and, after a $1,199/mo payment, leaves $367/mo in cash flow. Total monthly income is $1,837/mo, and annual cash flow is $4,399/yr on $81,184 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 131.68% and total cumulative return in cash sums $106,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,837/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Benjamin Eubank • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202528921