7803 Wohama DrFort WayneIN46819
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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 7803 Wohama Dr, Fort Wayne, IN, 46819 uses $77,074 cash to close to unlock $6,867/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $2,027/mo, and a $1,138/mo payment keeps the spread at $572/mo. Purchase price stands at $232,500, and rental yield measures 10.46% with $2,027/mo rent. Return on cash invested shows 28.82% in year one, and 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 150.74% and total cumulative return in cash records $116,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,027/mo property income covering a $1,138/mo payment rather than investor’s personal income.
Single Family
Built in 1966
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
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Listed by: Terra Hipp • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522317
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.