1116 Polo 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 1116 Polo Run, Fort Wayne, IN, 46825 priced at $258,500 pairs $2,011/mo rent with $434/mo cash flow after a $1,265/mo payment. Total monthly income equals $2,011/mo, and annual cash flow comes to $5,205/yr on $85,693 invested. Return on cash invested is 25.98% in year one, and rental yield stands at 9.34% on a $258,500 basis. Equity gained on principal adds $1,668/yr, and 5% annual appreciation accumulates to $71,419 by year five. Five-year ROI measures 135.3% and total cumulative return in cash reaches $115,947. For financing, Ziffy Mortgage’s DSCR program evaluates $2,011/mo property income against a $1,265/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
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
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Listed by: Robert F Ashley • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515802
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.