2316 Sweet Cider RdFort WayneIN46818
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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 2316 Sweet Cider Rd, Fort Wayne, IN, 46818 earns $505/mo cash flow from $2,096/mo rent with a $1,297/mo payment. Total monthly income totals $2,096/mo, and annual cash flow totals $6,063/yr on $87,848 capital. ROI tracks 26.81% on current figures, and rental yield reads 9.49% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 139.64% and total cumulative return in cash sums $122,667. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,096/mo property income instead of your personal income.
Single Family
Built in 1996
8,276 sqft lot
$N/A/sqft
No 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
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Listed by: John Lahmeyer • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202540039