6420 Langley CtFort WayneIN46815
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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 6420 Langley Ct, Fort Wayne, IN, 46815 generates $2,255/mo in rent, after a $1,859/mo payment. Total monthly income is $2,255/mo. Return on cash invested sits at 18.57% in year one, and rental yield is 7.12% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 95.83% and total cumulative return in cash sums $120,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,255/mo property income rather than buyer’s personal income.
Condo
Built in 1992
7,840 sqft lot
$N/A/sqft
$345 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Dan Passwater • The Douglass Home Team, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524473
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.