7924 Grassland CtFort WayneIN46825
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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 7924 Grassland Ct, Fort Wayne, IN, 46825 earns $798/mo cash flow from $3,137/mo rent with a $1,884/mo payment. Total monthly income totals $3,137/mo, and annual cash flow totals $9,575/yr on $127,628 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.78% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 142.91% and total cumulative return in cash sums $182,398. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,137/mo property income instead of your personal income.
Single Family
Built in 1993
0.29 Acres lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Ashley Lambright • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508535
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.