7474 Glen Gelder CirFort WayneIN46804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7474 Glen Gelder Cir, Fort Wayne, IN, 46804 priced at $240,000 pairs $1,897/mo rent with $365/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,897/mo, and annual cash flow comes to $4,375/yr on $79,560 invested. Return on cash invested is 25.41% in year one, and rental yield stands at 9.49% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 132.6% and total cumulative return in cash reaches $105,494. For financing, Ziffy Mortgage’s DSCR program evaluates $1,897/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Daniels • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438173
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.