1502 Fairway CtFort WayneIN46845
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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 Fairway Ct, Fort Wayne, IN, 46845 listed at $226,500 pairs $1,597/mo rent with a $1,109/mo payment to leave $237/mo cash flow. Total monthly income runs $1,597/mo, and annual cash flow reaches $2,844/yr on $75,085 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 8.46% at a $226,500 basis. Equity gained on principal adds $1,462/yr, and annual property appreciation at 5% supports $62,578 by year five. Five-year ROI tracks 122.92% and total cumulative return in cash totals $92,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,597/mo property income relative to a $1,109/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46845, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,048 (100%) |
| Owner Occupied HU | 9,968 (82.7%) |
| Renter Occupied HU | 1,630 (13.5%) |
| Vacant Housing Units | 450 ( 3.7%) |
| Median Home Value | $335,610 |
| Average Home Value | $360,690 |
Housing Distribution
Address Breakdown
Residential
11,995
Single Family
11,159
Multi-Family
836
Businesses
222
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Listed by: Timothy McCulloch • Scheerer McCulloch Auctioneers
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22068109