1637 Traders XingFort 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 1637 Traders Xing, Fort Wayne, IN, 46845 uses $96,135 cash to close to unlock $4,795/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,419/mo payment keeps the spread at $400/mo. Purchase price stands at $290,000, and rental yield measures 8.86% with $2,140/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 129.36% and total cumulative return in cash records $124,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.40 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: Raegan Stackhouse • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512497
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.