2909 Sandpoint RdFort WayneIN46809
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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 2909 Sandpoint Rd, Fort Wayne, IN, 46809 priced at $149,900 pairs $1,336/mo rent with $436/mo cash flow after a $734/mo payment. Total monthly income equals $1,336/mo, and annual cash flow comes to $5,230/yr on $49,692 invested. Return on cash invested is 30.43% in year one, and rental yield stands at 10.7% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 159.04% and total cumulative return in cash reaches $79,031. For financing, Ziffy Mortgage’s DSCR program evaluates $1,336/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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Listed by: Melissa Little • Noll Team Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510585
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.