1606 Spenser CvFort 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 1606 Spenser Cv, Fort Wayne, IN, 46845 uses $180,950 cash to close to unlock $2,945/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $3,547/mo, and a $2,692/mo payment keeps the spread at $245/mo. Purchase price stands at $550,000, and rental yield measures 7.74% with $3,547/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 112.11% and total cumulative return in cash records $202,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,547/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.28 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: Erica Jamison • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202527590