15306 Covington RdFort 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 15306 Covington Rd, Fort Wayne, IN, 46814 listed at $1,412,700 pairs $3,287/mo rent with a $6,914/mo payment. Total monthly income runs $3,287/mo. Return on cash invested measures 6.76% in year one, and rental yield registers 2.79% at a $1,412,700 basis. Equity gained on principal adds $9,116/yr, and annual property appreciation at 5% supports $390,303 by year five. Five-year ROI tracks 31.96% and total cumulative return in cash totals $146,303. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,287/mo property income relative to a $6,914/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
2 Acres 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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