3316 Caledon PlFort WayneIN46818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3316 Caledon Pl, Fort Wayne, IN, 46818 uses $104,389 cash to close to unlock $7,525/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $2,554/mo, and a $1,541/mo payment keeps the spread at $627/mo. Purchase price stands at $314,900, and rental yield measures 9.73% with $2,554/mo rent. Return on cash invested shows 27.12% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 141.45% and total cumulative return in cash records $147,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,554/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,018 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joyce Swartz • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526827
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.