3623 Dewberry 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
Rental property for sale in Fort Wayne at 3623 Dewberry Dr, Fort Wayne, IN, 46815 generates $1,820/mo in rent and, after a $1,027/mo payment, leaves $560/mo in cash flow. Total monthly income is $1,820/mo, and annual cash flow is $6,724/yr on $69,582 invested. Return on cash invested sits at 29.57% in year one, and rental yield is 10.4% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 154.47% and total cumulative return in cash sums $107,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,820/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.33 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: Dana Botteron • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202600921