14688 Verona Lakes PsgeFort 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 14688 Verona Lakes Psge, Fort Wayne, IN, 46814 generates $3,053/mo in rent and, after a $1,653/mo payment, leaves $987/mo in cash flow. Total monthly income is $3,053/mo, and annual cash flow is $11,849/yr on $111,948 invested. Return on cash invested sits at 30.49% in year one, and rental yield is 10.85% on a $337,700 entry. Equity gained on principal adds $2,179/yr, while 5% annual appreciation builds toward $93,300 over five years. Five-year ROI reaches 159.52% and total cumulative return in cash sums $178,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,053/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
10,672 sqft lot
$N/A/sqft
$460 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: Myron R Quinn • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202414947
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.