7301 Inverness CmnsFort 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 7301 Inverness Cmns, Fort Wayne, IN, 46804 listed at $780,000 pairs $4,954/mo rent with a $3,818/mo payment. Total monthly income runs $4,954/mo. Return on cash invested measures 19.43% in year one, and rental yield registers 7.62% at a $780,000 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,500 by year five. Five-year ROI tracks 100.69% and total cumulative return in cash totals $258,400. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,954/mo property income relative to a $3,818/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.60 Acres lot
$N/A/sqft
$1,192 quarterly 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: Courtney A Bontempo • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518437
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.