7435 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 7435 Glen Gelder Cir, Fort Wayne, IN, 46804 earns $797/mo cash flow from $2,195/mo rent with a $1,140/mo payment. Total monthly income totals $2,195/mo, and annual cash flow totals $9,561/yr on $77,240 capital. ROI tracks 32.29% on current figures, and rental yield reads 11.3% at a $233,000 purchase. Equity gained on principal adds $1,504/yr, and 5% annual appreciation supports $64,374 over five years. Five-year ROI reaches 168.99% and total cumulative return in cash sums $130,525. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,195/mo property income instead of your personal income.
Condo
Built in 1998
8,400 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: Jodi Skowronek • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202541002