7410 Glen Gelder CirFort 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 7410 Glen Gelder Cir, Fort Wayne, IN, 46804 uses $82,875 cash to close to unlock $3,116/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,952/mo, and a $1,224/mo payment keeps the spread at $260/mo. Purchase price stands at $250,000, and rental yield measures 9.37% with $1,952/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 123.77% and total cumulative return in cash records $102,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,952/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1999
4,356 sqft lot
$N/A/sqft
$255 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: Lynette Johnson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523261
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.