12604 Slash PassFort WayneIN46818
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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 12604 Slash Pass, Fort Wayne, IN, 46818 earns $418/mo cash flow from $2,158/mo rent with a $1,419/mo payment. Total monthly income totals $2,158/mo, and annual cash flow totals $5,012/yr on $96,102 capital. ROI tracks 25.12% on current figures, and rental yield reads 8.93% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash sums $125,493. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,158/mo property income instead of your personal income.
Single Family
Built in 2019
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
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Listed by: David Adams • David C. Adams
Mls Name: IRMLS
Mls ID: #202601862