1915 Forest Downs DrFort WayneIN46815
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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
Rental property for sale in Fort Wayne at 1915 Forest Downs Dr, Fort Wayne, IN, 46815 priced at $219,900 pairs $1,482/mo rent with $134/mo cash flow after a $1,076/mo payment. Total monthly income equals $1,482/mo, and annual cash flow comes to $1,606/yr on $72,897 invested. Return on cash invested is 22.11% in year one, and rental yield stands at 8.09% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 114.59% and total cumulative return in cash reaches $83,536. For financing, Ziffy Mortgage’s DSCR program evaluates $1,482/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Nicolas Lowden • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508258
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.