2105 Gillmore DrFort WayneIN46818
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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
Investment property for sale in Fort Wayne at 2105 Gillmore Dr, Fort Wayne, IN, 46818 with 5% annual appreciation on a $209,000 basis while $1,611/mo rent supports operations. Total monthly income totals $1,611/mo and a $1,023/mo payment preserves $356/mo for cash returns. Annual cash flow comes to $4,276/yr on $69,284 deployed, and return on cash invested reaches 26.08% in year one. Equity gained on principal adds $1,349/yr, and five-year appreciation sums $57,743 alongside rental yield of 9.25%. Five-year ROI measures 135.74% and total cumulative return in cash totals $94,046.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,611/mo property income versus a $1,023/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
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Listed by: Shawn Browning • ERA Crossroads
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514714
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.