8423 Cinnabar CtFort 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 8423 Cinnabar Ct, Fort Wayne, IN, 46835 listed at $555,000 pairs $2,669/mo rent with a $2,716/mo payment. Total monthly income runs $2,669/mo. Return on cash invested measures 15.06% in year one, and rental yield registers 5.77% at a $555,000 basis. Equity gained on principal adds $3,581/yr, and annual property appreciation at 5% supports $153,336 by year five. Five-year ROI tracks 76.81% and total cumulative return in cash totals $140,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,669/mo property income relative to a $2,716/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
0.31 Acres lot
$N/A/sqft
$931 annually 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: Michelle Wyatt • Wyatt Group Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513899
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