3713 Well Meadow PlFort 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 3713 Well Meadow Pl, Fort Wayne, IN, 46815 uses $119,307 cash to close to unlock $4,688/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $2,614/mo, and a $1,762/mo payment keeps the spread at $391/mo. Purchase price stands at $359,900, and rental yield measures 8.72% with $2,614/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 123.9% and total cumulative return in cash records $147,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,614/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.29 Acres lot
$N/A/sqft
$80 annually 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: Jason Fritcha • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518854
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.