1821 Lathrop DrFort WayneIN46808
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
Investment property for sale in Fort Wayne at 1821 Lathrop Dr, Fort Wayne, IN, 46808 earns $613/mo cash flow from $1,633/mo rent with a $832/mo payment. Total monthly income totals $1,633/mo, and annual cash flow totals $7,352/yr on $56,322 capital. ROI tracks 32.96% on current figures, and rental yield reads 11.53% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 172.63% and total cumulative return in cash sums $97,226. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,633/mo property income instead of your personal income.
Single Family
Built in 1970
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phillip J Kuhn • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls ID: #202531335