2013 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 2013 Lathrop Dr, Fort Wayne, IN, 46808 uses $51,349 cash to close to unlock $4,540/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $1,308/mo, and a $758/mo payment keeps the spread at $378/mo. Purchase price stands at $154,900, and rental yield measures 10.13% with $1,308/mo rent. Return on cash invested shows 28.75% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 150.07% and total cumulative return in cash records $77,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,308/mo property income covering a $758/mo payment rather than investor’s 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: Matthew Donahue • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202532040