5240 Pigeon Creek CtFort 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 5240 Pigeon Creek Ct, Fort Wayne, IN, 46825 offers a 10.82% rental yield on a $239,900 purchase with $2,164/mo rent. Total monthly income registers $2,164/mo, and a $1,174/mo payment leaves $724/mo available for distribution. Annual cash flow reaches $8,689/yr on $79,527 to close, and return on cash invested stands at 30.84% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 161.24% and total cumulative return in cash at $128,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,164/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
6,969 sqft 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: Matthew Hawkins • Wieland Real Estate
Mls Name: IRMLS
Mls ID: #202548114