6719 W Canal Pointe LnFort WayneIN46804
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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 6719 W Canal Pointe Ln, Fort Wayne, IN, 46804 with 5% annual appreciation on a $414,900 basis while $3,178/mo rent supports operations. Total monthly income totals $3,178/mo and a $2,031/mo payment preserves $687/mo for cash returns. Annual cash flow comes to $8,246/yr on $137,539 deployed, and return on cash invested reaches 25.9% in year one. Equity gained on principal adds $2,677/yr, and five-year appreciation sums $114,629 alongside rental yield of 9.19%. Five-year ROI measures 134.77% and total cumulative return in cash totals $185,366.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,178/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Kaleigh V Kinney-Foster • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202600714