813 Seamist PointFort WayneIN46845
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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
Rental property for sale in Fort Wayne at 813 Seamist Point, Fort Wayne, IN, 46845 priced at $314,900 converts $2,407/mo rent into $517/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,407/mo, and annual cash flow totals $6,204/yr on $104,389 invested. Return on cash invested prints 25.85% in year one, and rental yield reads 9.17% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 134.45% and total cumulative return in cash sums $140,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,407/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1988
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46845, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,048 (100%) |
| Owner Occupied HU | 9,968 (82.7%) |
| Renter Occupied HU | 1,630 (13.5%) |
| Vacant Housing Units | 450 ( 3.7%) |
| Median Home Value | $335,610 |
| Average Home Value | $360,690 |
Housing Distribution
Address Breakdown
Residential
11,995
Single Family
11,159
Multi-Family
836
Businesses
222
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Listed by: Scott Malcolm • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202536385