1502 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 1502 Cypress Spring Dr, Fort Wayne, IN, 46814 uses $135,915 cash to close to unlock $3,379/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $2,743/mo, and a $2,007/mo payment keeps the spread at $282/mo. Purchase price stands at $410,000, and rental yield measures 8.03% with $2,743/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 115.93% and total cumulative return in cash records $157,571. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,743/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 2007
10,018 sqft lot
$N/A/sqft
No 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: Heather Bolton • Agency & Co. Real Estate
Mls Name: IRMLS
Mls ID: #202603109