1108 Silver Springs CtFort WayneIN46825
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1108 Silver Springs Ct, Fort Wayne, IN, 46825 offers a 10.03% rental yield on a $227,900 purchase with $1,905/mo rent. Total monthly income registers $1,905/mo, and a $1,115/mo payment leaves $474/mo available for distribution. Annual cash flow reaches $5,687/yr on $75,549 to close, and return on cash invested stands at 27.44% in year one. Equity gained on principal adds $1,471/yr while 5% annual appreciation supports $62,965 over five years. Portfolio math shows five-year ROI at 143.33% and total cumulative return in cash at $108,283. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,905/mo property income against a $1,115/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
10,454 sqft lot
$N/A/sqft
$156 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Hill • American Dream Team Real Estate Brokers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517060
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.