2227 Turnberry LnFort 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 2227 Turnberry Ln, Fort Wayne, IN, 46814 priced at $1,195,000 pairs $4,766/mo rent with after a $5,849/mo payment. Total monthly income equals $4,766/mo. Return on cash invested is 11.45% in year one, and rental yield stands at 4.79% on a $1,195,000 basis. Equity gained on principal adds $7,711/yr, and 5% annual appreciation accumulates to $330,156 by year five. Five-year ROI measures 57.65% and total cumulative return in cash reaches $223,226. For financing, Ziffy Mortgage’s DSCR program evaluates $4,766/mo property income against a $5,849/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
$5,655 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: Laura Kinner • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512731
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.