2205 Longleaf DrFort WayneIN46814
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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 2205 Longleaf Dr, Fort Wayne, IN, 46814 offers $3,259/mo rent that, after a $2,496/mo payment, leaves $122/mo cash flow. Total monthly income is $3,259/mo, and annual cash flow is $1,470/yr on $167,757 cash. Return on cash invested measures 20.94% in year one, and rental yield stands at 7.67% at a $509,900 entry. Equity gained on principal adds $3,290/yr while 5% annual appreciation compounds into $140,876 by year five. Five-year ROI records 108.28% and total cumulative return in cash reaches $181,640. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,259/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
$665 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: Mark Recht • Recht and Recht
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519629
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.