1411 Cypress Spring DrFort 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
Investment property for sale in Fort Wayne at 1411 Cypress Spring Dr, Fort Wayne, IN, 46814 uses $112,379 cash to close to unlock $2,405/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,271/mo, and a $1,659/mo payment keeps the spread at $200/mo. Purchase price stands at $339,000, and rental yield measures 8.04% with $2,271/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 114.23% and total cumulative return in cash records $128,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,271/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 2018
9,147 sqft lot
$N/A/sqft
$430 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: Robin M Steffanus • Weir Real Estate Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528721
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.