4908 Reckeweg PlFort WayneIN46804
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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 4908 Reckeweg Pl, Fort Wayne, IN, 46804 uses $74,588 cash to close to unlock $6,163/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $1,864/mo, and a $1,101/mo payment keeps the spread at $514/mo. Purchase price stands at $225,000, and rental yield measures 9.94% with $1,864/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 146.93% and total cumulative return in cash records $109,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,864/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1996
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Kimberly Braaten • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202548290