12582 Cassena RdFort WayneIN46814
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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 12582 Cassena Rd, Fort Wayne, IN, 46814 generates $3,709/mo in rent, after a $3,544/mo payment. Total monthly income is $3,709/mo. Return on cash invested sits at 16.85% in year one, and rental yield is 6.15% on a $724,000 entry. Equity gained on principal adds $4,672/yr, while 5% annual appreciation builds toward $200,028 over five years. Five-year ROI reaches 86.15% and total cumulative return in cash sums $205,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,709/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.36 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: Andrea Gates • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202542377