3612 Paddock CtFort WayneIN46804
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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
Rental property for sale in Fort Wayne at 3612 Paddock Ct, Fort Wayne, IN, 46804 generates $1,978/mo in rent and, after a $1,040/mo payment, leaves $682/mo in cash flow. Total monthly income is $1,978/mo, and annual cash flow is $8,187/yr on $70,444 invested. Return on cash invested sits at 31.53% in year one, and rental yield is 11.17% on a $212,500 entry. Equity gained on principal adds $1,371/yr, while 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 165.1% and total cumulative return in cash sums $116,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,978/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.36 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Timothy J Burns • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520747
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.