3234 Varsity LnFort WayneIN46805
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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 3234 Varsity Ln, Fort Wayne, IN, 46805 listed at $175,000 pairs $1,358/mo rent with a $857/mo payment to leave $307/mo cash flow. Total monthly income runs $1,358/mo, and annual cash flow reaches $3,684/yr on $58,013 cash to close. Return on cash invested measures 26.26% in year one, and rental yield registers 9.31% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 136.76% and total cumulative return in cash totals $79,339. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,358/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Housing Distribution
Address Breakdown
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
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Listed by: Jennifer Timms • Ashberry Real Estate
Mls Name: IRMLS
Mls ID: #202534562