8721 Willow Grove DrFort WayneIN46804
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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 8721 Willow Grove Dr, Fort Wayne, IN, 46804 priced at $238,500 converts $1,926/mo rent into $255/mo cash flow after a $1,167/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $3,055/yr on $79,063 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 9.69% against a $238,500 entry. Equity gained on principal adds $1,539/yr, while 5% annual appreciation compiles into $65,893 by year five. Five-year ROI reaches 124.64% and total cumulative return in cash sums $98,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $1,167/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Allana Coulter • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439653
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.