7477 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
Investment property for sale in Fort Wayne at 7477 Glen Gelder Cir, Fort Wayne, IN, 46804 uses $81,218 cash to close to unlock $3,646/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $1,199/mo payment keeps the spread at $304/mo. Purchase price stands at $245,000, and rental yield measures 9.64% with $1,969/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash records $103,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2000
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynette Johnson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521028
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.