1923 Kimberlite PlFort WayneIN46804
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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 1923 Kimberlite Pl, Fort Wayne, IN, 46804 priced at $450,000 converts $2,497/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,497/mo. Return on cash invested prints 17.99% in year one, and rental yield reads 6.66% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 92.41% and total cumulative return in cash sums $137,850. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,497/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1998
10,454 sqft lot
$N/A/sqft
$405 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Duane Miller • Duane Miller Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512382
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.