2219 Lakeland LnFort WayneIN46815
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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 2219 Lakeland Ln, Fort Wayne, IN, 46815 uses $82,875 cash to close to unlock $8,195/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $2,184/mo, and a $1,224/mo payment keeps the spread at $683/mo. Purchase price stands at $250,000, and rental yield measures 10.48% with $2,184/mo rent. Return on cash invested shows 29.8% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 155.61% and total cumulative return in cash records $128,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,184/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Darren P Schortgen • Schortgen Realty
Mls Name: IRMLS
Mls ID: #202533448