1721 Papermill XingFort WayneIN46825
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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 1721 Papermill Xing, Fort Wayne, IN, 46825 uses $87,483 cash to close to unlock $2,442/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,788/mo, and a $1,292/mo payment keeps the spread at $204/mo. Purchase price stands at $263,900, and rental yield measures 8.13% with $1,788/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $72,911 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash records $102,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,788/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Brian Wayman • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049569