122 Spring Forest CtFort WayneIN46804
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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 122 Spring Forest Ct, Fort Wayne, IN, 46804 at $264,900 posts ROI 30.34% with $763/mo cash flow from $2,354/mo rent. Total monthly income equals $2,354/mo, and annual cash flow records $9,161/yr on $87,814 to close. Return on cash invested measures 30.34% and rental yield reads 10.66% at the current $264,900. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 by year five. Five-year ROI prints 158.57% and total cumulative return in cash totals $139,244.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,354/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Lilliana Caro • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202602543