12775 Watts DrFort 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
Rental property for sale in Fort Wayne at 12775 Watts Dr, Fort Wayne, IN, 46818 generates $1,619/mo in rent, after a $1,459/mo payment. Total monthly income is $1,619/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 6.52% on a $298,175 entry. Equity gained on principal adds $1,924/yr, while 5% annual appreciation builds toward $82,380 over five years. Five-year ROI reaches 89.27% and total cumulative return in cash sums $88,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,619/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,535 sqft lot
$N/A/sqft
$450 annually 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: Jihan Rachel E Brooks • DRH Realty of Indiana, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515186
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.