3111 Marias DrFort 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 3111 Marias Dr, Fort Wayne, IN, 46815 uses $86,190 cash to close to unlock $5,110/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $1,987/mo, and a $1,273/mo payment keeps the spread at $426/mo. Purchase price stands at $260,000, and rental yield measures 9.17% with $1,987/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 134.4% and total cumulative return in cash records $115,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,987/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.35 Acres 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: Stacy Dailey • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202600612