208 Southridge RdFort 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
Rental property for sale in Fort Wayne at 208 Southridge Rd, Fort Wayne, IN, 46825 offers $1,725/mo rent that, after a $1,224/mo payment, leaves $224/mo cash flow. Total monthly income is $1,725/mo, and annual cash flow is $2,687/yr on $82,875 cash. Return on cash invested measures 23.15% in year one, and rental yield stands at 8.28% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 119.98% and total cumulative return in cash reaches $99,430. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,725/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.71 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: Timothy McCulloch • Scheerer McCulloch Auctioneers
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070574