7510 Gathings DrFort WayneIN46816
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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 7510 Gathings Dr, Fort Wayne, IN, 46816 uses $74,588 cash to close to unlock $8,587/yr annual cash flow and $716/mo monthly cash flow. Total monthly income runs $2,066/mo, and a $1,101/mo payment keeps the spread at $716/mo. Purchase price stands at $225,000, and rental yield measures 11.02% with $2,066/mo rent. Return on cash invested shows 31.42% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 164.36% and total cumulative return in cash records $122,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,066/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1975
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Gemma McClendon • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202537858