12622 Chestnut PasswayFort 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
Total monthly income runs $3,320/mo, and a $3,377/mo payment. Purchase price stands at $689,900, and rental yield measures 5.77% with $3,320/mo rent. Return on cash invested shows 15.19% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 77.47% and total cumulative return in cash records $175,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,320/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
$1,189 annually 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: Erin Poiry • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515118
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.