2127 Sweet Cider RdFort WayneIN46818
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2127 Sweet Cider Rd, Fort Wayne, IN, 46818 in Fort Wayne is a solid income-producing rental, 8.4% gross yield, $1,819/mo rent, $244/mo net cash flow on a $255,000 buy. DSCR 1.59 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $70,452 and $2,349/yr in principal reduction project a total cumulative return of $113,975.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.8% |
| Monthly Cash Flow | $244 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,819 |
| Total Monthly Debt Service | $1,447 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
9,147 sqft lot
$N/A/sqft
$144 annually 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
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
Single Family
Built in 1997
9,147 sqft lot
$N/A/sqft
$144 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy France • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532973
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.