308 Club Course DrFort WayneIN46814
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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 308 Club Course Dr, Fort Wayne, IN, 46814 with 5% annual appreciation on a $463,400 basis while $3,672/mo rent supports operations. Total monthly income totals $3,672/mo and a $2,268/mo payment preserves $890/mo for cash returns. Annual cash flow comes to $10,685/yr on $153,617 deployed, and return on cash invested reaches 26.86% in year one. Equity gained on principal adds $2,990/yr, and five-year appreciation sums $128,029 alongside rental yield of 9.51%. Five-year ROI measures 139.91% and total cumulative return in cash totals $214,933.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,672/mo property income versus a $2,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: Verna Gerber • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202545396