1503 River Run CtFort WayneIN46825
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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 1503 River Run Ct, Fort Wayne, IN, 46825 listed at $378,500 pairs $2,917/mo rent with a $1,853/mo payment to leave $644/mo cash flow. Total monthly income runs $2,917/mo, and annual cash flow reaches $7,734/yr on $125,473 cash to close. Return on cash invested measures 26.07% in year one, and rental yield registers 9.25% at a $378,500 basis. Equity gained on principal adds $2,442/yr, and annual property appreciation at 5% supports $104,573 by year five. Five-year ROI tracks 135.66% and total cumulative return in cash totals $170,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,917/mo property income relative to a $1,853/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Timothy McCulloch • Scheerer McCulloch Auctioneers
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22053282