2617 Covington Woods BlvdFort WayneIN46804
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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 2617 Covington Woods Blvd, Fort Wayne, IN, 46804 priced at $459,900 pairs $3,058/mo rent with $297/mo cash flow after a $2,251/mo payment. Total monthly income equals $3,058/mo, and annual cash flow comes to $3,567/yr on $152,457 invested. Return on cash invested is 22.25% in year one, and rental yield stands at 7.98% on a $459,900 basis. Equity gained on principal adds $2,968/yr, and 5% annual appreciation accumulates to $127,062 by year five. Five-year ROI measures 115.16% and total cumulative return in cash reaches $175,566. For financing, Ziffy Mortgage’s DSCR program evaluates $3,058/mo property income against a $2,251/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls ID: #202529271