2614 Timbers DrFort 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 2614 Timbers Dr, Fort Wayne, IN, 46809 offers $1,643/mo rent that, after a $881/mo payment, leaves $558/mo cash flow. Total monthly income is $1,643/mo, and annual cash flow is $6,697/yr on $59,637 cash. Return on cash invested measures 31.14% in year one, and rental yield stands at 10.96% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 162.94% and total cumulative return in cash reaches $97,173. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,643/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,454 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: Tempestt Sanders • JM Realty Associates, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517842
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.