521 Stockade DrFort WayneIN46825
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Nearby investment properties with comparable prices
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 521 Stockade Dr, Fort Wayne, IN, 46825 priced at $385,000 converts $2,988/mo rent into $677/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,988/mo, and annual cash flow totals $8,127/yr on $127,628 invested. Return on cash invested prints 26.28% in year one, and rental yield reads 9.31% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 136.77% and total cumulative return in cash sums $174,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,988/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.49 Acres lot
$N/A/sqft
No 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: Justin M Walborn • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202600028