8245 Caverango BlvdFort WayneIN46815
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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 8245 Caverango Blvd, Fort Wayne, IN, 46815 generates $1,800/mo in rent, after a $2,227/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 12.5% in year one, and rental yield is 4.75% on a $454,900 entry. Equity gained on principal adds $2,935/yr, while 5% annual appreciation builds toward $125,680 over five years. Five-year ROI reaches 62.86% and total cumulative return in cash sums $94,796. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Condo
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Richard J Fletcher • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202536488