6603 Parsons CtFort WayneIN46815
Nearby investment properties with comparable rents
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
Investment property for sale in Fort Wayne at 6603 Parsons Ct, Fort Wayne, IN, 46815 listed at $275,000 pairs $2,158/mo rent with a $1,346/mo payment to leave $507/mo cash flow. Total monthly income runs $2,158/mo, and annual cash flow reaches $6,087/yr on $91,163 cash to close. Return on cash invested measures 26.59% in year one, and rental yield registers 9.42% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 138.45% and total cumulative return in cash totals $126,215. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,158/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
0.28 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Williams-Thomas • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls ID: #202533500