4219 Encino DrFort WayneIN46816
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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 4219 Encino Dr, Fort Wayne, IN, 46816 priced at $224,500 pairs $2,058/mo rent with $606/mo cash flow after a $1,099/mo payment. Total monthly income equals $2,058/mo, and annual cash flow comes to $7,276/yr on $74,422 invested. Return on cash invested is 29.69% in year one, and rental yield stands at 11% on a $224,500 basis. Equity gained on principal adds $1,449/yr, and 5% annual appreciation accumulates to $62,025 by year five. Five-year ROI measures 155.69% and total cumulative return in cash reaches $115,868. For financing, Ziffy Mortgage’s DSCR program evaluates $2,058/mo property income against a $1,099/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Martin Brandenberger • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433013
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.