2903 Stardale 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
Rental property for sale in Fort Wayne at 2903 Stardale Dr, Fort Wayne, IN, 46816 generates $1,726/mo in rent and, after a $1,150/mo payment, leaves $316/mo in cash flow. Total monthly income is $1,726/mo, and annual cash flow is $3,788/yr on $77,869 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 8.82% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 128.7% and total cumulative return in cash sums $100,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,726/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.36 Acres 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: Susanne M Rippey • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202547976