7841 Harrisburg LnFort WayneIN46835
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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 7841 Harrisburg Ln, Fort Wayne, IN, 46835 earns $214/mo cash flow from $1,516/mo rent with a $849/mo payment. Total monthly income totals $1,516/mo, and annual cash flow totals $2,565/yr on $57,515 capital. ROI tracks 24.37% on current figures, and rental yield reads 10.49% at a $173,500 purchase. Equity gained on principal adds $1,120/yr, and 5% annual appreciation supports $47,935 over five years. Five-year ROI reaches 128.51% and total cumulative return in cash sums $73,912. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,516/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$746 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46835, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,808 (100%) |
| Owner Occupied HU | 11,514 (68.5%) |
| Renter Occupied HU | 4,564 (27.2%) |
| Vacant Housing Units | 730 ( 4.3%) |
| Median Home Value | $251,777 |
| Average Home Value | $294,834 |
Housing Distribution
Address Breakdown
Residential
16,081
Single Family
15,470
Multi-Family
611
Businesses
274
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Listed by: Robert Harris • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520504
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.