2924 Seafarer 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 2924 Seafarer Cv, Fort Wayne, IN, 46815 earns $616/mo cash flow from $2,207/mo rent with a $1,297/mo payment. Total monthly income totals $2,207/mo, and annual cash flow totals $7,395/yr on $87,848 capital. ROI tracks 28.33% on current figures, and rental yield reads 9.99% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 147.78% and total cumulative return in cash sums $129,819. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,207/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No 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: Son Huynh • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202532089