2609 Ojibway TrlFort WayneIN46809
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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 2609 Ojibway Trl, Fort Wayne, IN, 46809 priced at $217,500 converts $1,607/mo rent into $301/mo cash flow after a $1,065/mo obligation. Total monthly income equals $1,607/mo, and annual cash flow totals $3,611/yr on $72,101 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 8.87% against a $217,500 entry. Equity gained on principal adds $1,403/yr, while 5% annual appreciation compiles into $60,091 by year five. Five-year ROI reaches 129.44% and total cumulative return in cash sums $93,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,607/mo property income covering a $1,065/mo payment, not borrower’s personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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Listed by: Craig Foltz • ERA Crossroads
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515663
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.