2625 Sprunger Rd EFort WayneIN46808
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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 2625 Sprunger Rd E, Fort Wayne, IN, 46808 generates $1,824/mo in rent and, after a $921/mo payment, leaves $695/mo in cash flow. Total monthly income is $1,824/mo, and annual cash flow is $8,334/yr on $62,355 invested. Return on cash invested sits at 33.27% in year one, and rental yield is 11.64% on a $188,100 entry. Equity gained on principal adds $1,214/yr, while 5% annual appreciation builds toward $51,969 over five years. Five-year ROI reaches 174.3% and total cumulative return in cash sums $108,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,824/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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Listed by: N/A • N/A
Mls Name: NextHome
Mls Provider:
Mls ID: #202434522