1634 Spring Cress RdFort WayneIN46814
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Fort Wayne at 1634 Spring Cress Rd, Fort Wayne, IN, 46814 priced at $416,500 pairs $3,466/mo rent with $932/mo cash flow after a $2,039/mo payment. Total monthly income equals $3,466/mo, and annual cash flow comes to $11,185/yr on $138,070 invested. Return on cash invested is 28.01% in year one, and rental yield stands at 9.99% on a $416,500 basis. Equity gained on principal adds $2,688/yr, and 5% annual appreciation accumulates to $115,071 by year five. Five-year ROI measures 146.17% and total cumulative return in cash reaches $201,816. For financing, Ziffy Mortgage’s DSCR program evaluates $3,466/mo property income against a $2,039/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1995
0.27 Acres lot
$N/A/sqft
$400 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patty Seutter • Century 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516185
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.