2630 Chandler DrFort WayneIN46816
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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 2630 Chandler Dr, Fort Wayne, IN, 46816 offers a 8.24% rental yield on a $220,000 purchase with $1,511/mo rent. Total monthly income registers $1,511/mo, and a $1,077/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,282/yr on $72,930 to close, and return on cash invested stands at 23.04% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 119.44% and total cumulative return in cash at $87,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,511/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Shawn Smiley • Trueblood Real Estate, LLC.
Mls Name: IRMLS
Mls ID: #202539597