4830 W Cook RdFort WayneIN46818
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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 4830 W Cook Rd, Fort Wayne, IN, 46818 generates $3,208/mo in rent, after a $2,814/mo payment. Total monthly income is $3,208/mo. Return on cash invested sits at 18.52% in year one, and rental yield is 6.69% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 95.09% and total cumulative return in cash sums $179,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,208/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
2.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
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Listed by: Terrie Grabner • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202548468