2238 E Gump RdFort WayneIN46845
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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 2238 E Gump Rd, Fort Wayne, IN, 46845 listed at $294,400 pairs $2,221/mo rent with a $1,441/mo payment to leave $454/mo cash flow. Total monthly income runs $2,221/mo, and annual cash flow reaches $5,444/yr on $97,594 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 9.05% at a $294,400 basis. Equity gained on principal adds $1,900/yr, and annual property appreciation at 5% supports $81,337 by year five. Five-year ROI tracks 132.52% and total cumulative return in cash totals $129,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,221/mo property income relative to a $1,441/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46845, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,048 (100%) |
| Owner Occupied HU | 9,968 (82.7%) |
| Renter Occupied HU | 1,630 (13.5%) |
| Vacant Housing Units | 450 ( 3.7%) |
| Median Home Value | $335,610 |
| Average Home Value | $360,690 |
Housing Distribution
Address Breakdown
Residential
11,995
Single Family
11,159
Multi-Family
836
Businesses
222
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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