2920 Clipper CvFort WayneIN46815
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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 2920 Clipper Cv, Fort Wayne, IN, 46815 with 5% annual appreciation on a $229,900 basis while $1,927/mo rent supports operations. Total monthly income totals $1,927/mo and a $1,125/mo payment preserves $339/mo for cash returns. Annual cash flow comes to $4,066/yr on $76,212 deployed, and return on cash invested reaches 25.24% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 10.06%. Five-year ROI measures 132.37% and total cumulative return in cash totals $100,883.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,927/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
N/A lot
$N/A/sqft
$625 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202416557
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.