12408 Ivanhoe Ln, Fort Wayne, IN, 46814 | $229/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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12408 Ivanhoe Ln, Fort Wayne, IN, 46814 | $229/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

Investment property for sale in Fort Wayne at 12408 Ivanhoe Ln, Fort Wayne, IN, 46814 offers a 7.94% rental yield on a $375,000 purchase with $2,480/mo rent. Total monthly income registers $2,480/mo, and a $1,835/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,752/yr on $124,313 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 114.5% and total cumulative return in cash at $142,335. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,480/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Built as a model home in the Southwest Allen County School district, this home has 2,950 finished square feet of spacious, move-in ready living. You will love the layout with 4 bedrooms and 3.5 baths. The massive primary suite features vaulted ceilings, decorative ledges, a walk-in closet, and a private en-suite bath with a shower, tub and double sinks. The finished basement adds an official fourth bedroom with a closet and egress window, along with two versatile flex spaces ideal for hobbies, recreation, or storage. The oversized 2-car garage includes a 20ft x 8ft extension currently used as a gym. The entry foyer opens to a living room with a cozy corner fireplace. The kitchen is designed with staggered cabinets, hard wood floors, and a breakfast bar. The loft area with cathedral ceilings is a great bonus space for work or play. The backyard has a deck, a patio and a full privacy fence, installed in 2023. Additional features include a radon mitigation system, sump pump with backup, lawn sprinkler system and custom blinds. Recent updates include a new roof in 2023, new AC and furnace in 2022, and a newly finished basement bathroom and flooring in 2022. Hydrawise Smart Wi-Fi Irrigation Control new 2023.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,381 (100%)
Owner Occupied HU	5,599 (87.7%)
Renter Occupied HU	570 ( 8.9%)
Vacant Housing Units	212 ( 3.3%)
Median Home Value	$387,258
Average Home Value	$434,010