1609 Romane CtFort WayneIN46808
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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 1609 Romane Ct, Fort Wayne, IN, 46808 with 5% annual appreciation on a $236,000 basis while $2,036/mo rent supports operations. Total monthly income totals $2,036/mo and a $1,155/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,296/yr on $78,234 deployed, and return on cash invested reaches 24.12% in year one. Equity gained on principal adds $1,523/yr, and five-year appreciation sums $65,202 alongside rental yield of 10.35%. Five-year ROI measures 127.1% and total cumulative return in cash totals $99,438.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,036/mo property income versus a $1,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: Antonio Picillo III • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202448145
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.