707 Hempford CtFort WayneIN46819
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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 707 Hempford Ct, Fort Wayne, IN, 46819 offers $2,630/mo rent that, after a $1,488/mo payment, leaves $774/mo cash flow. Total monthly income is $2,630/mo, and annual cash flow is $9,292/yr on $100,776 cash. Return on cash invested measures 29.13% in year one, and rental yield stands at 10.38% at a $304,000 entry. Equity gained on principal adds $1,962/yr while 5% annual appreciation compounds into $83,990 by year five. Five-year ROI records 152.2% and total cumulative return in cash reaches $153,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,630/mo property income versus a $1,488/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10,018 sqft lot
$N/A/sqft
$135 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
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Listed by: Kerri Morningstar • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437563
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.