508 Wolverton DrFort WayneIN46825
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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 508 Wolverton Dr, Fort Wayne, IN, 46825 uses $77,737 cash to close to unlock $6,158/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,946/mo, and a $1,148/mo payment keeps the spread at $513/mo. Purchase price stands at $234,500, and rental yield measures 9.96% with $1,946/mo rent. Return on cash invested shows 27.83% in year one, and 5% annual appreciation builds toward $64,788 over five years. Five-year ROI reaches 145.28% and total cumulative return in cash records $112,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,946/mo property income covering a $1,148/mo payment rather than investor’s personal income.
Single Family
Built in 1998
8,712 sqft lot
$N/A/sqft
$37 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Mason Wolfe • Orizon Real Estate, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513008
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.