4232 Forest Creek PkwyFort 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 4232 Forest Creek Pkwy, Fort Wayne, IN, 46815 offers a 8.96% rental yield on a $245,990 purchase with $1,836/mo rent. Total monthly income registers $1,836/mo, and a $1,204/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,312/yr on $81,546 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,963 over five years. Portfolio math shows five-year ROI at 131% and total cumulative return in cash at $106,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,836/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A 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: Joseph A Wootan • List With Freedom.com LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527492
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.