2820 Little River Run, Fort Wayne, IN, 46804 | $197/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2820 Little River Run, Fort Wayne, IN, 46804 | $197/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fort Wayne at 2820 Little River Run, Fort Wayne, IN, 46804 uses $124,313 cash to close to unlock $2,368/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $2,448/mo, and a $1,835/mo payment keeps the spread at $197/mo. Purchase price stands at $375,000, and rental yield measures 7.83% with $2,448/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 112.83% and total cumulative return in cash records $140,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,448/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Condo

Built in 1991

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this stunning brick ranch on the water. Located SW and designed by the famous Roy McNett, this is the one! A covered brick front porch leads into the spacious entryway that beckons you to the wall of windows overlooking the pond. Cathedral ceiling in the GR and a two-way fireplace set the tone for elegant and spacious living. Kitchen has plenty of counter space, cabinets and pantry. Fluted woodwork, real hardwoods, beams and the wood paneling in the second bedroom/den showcase the craftsmanship throughout. His & Hers walk-in closets and bathrooms (separated by pocket door) with built-in dressers offer tons of storage. The home flows easily from one room to the next and is an entertainer's dream complete with a wet-bar. Enjoy the gorgeous brick back patio with awning for all day comfort. The 2 car garage has an epoxy floor and pull down attic for additional storage. The home could be larger and is designed to add a second story with 2 beds & a bath if buyers desire. Pool & tennis included.

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