882 Bingham PassFort WayneIN46845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 882 Bingham Pass, Fort Wayne, IN, 46845 priced at $373,000 pairs $2,546/mo rent with $257/mo cash flow after a $1,826/mo payment. Total monthly income equals $2,546/mo, and annual cash flow comes to $3,079/yr on $123,650 invested. Return on cash invested is 22.4% in year one, and rental yield stands at 8.19% on a $373,000 basis. Equity gained on principal adds $2,407/yr, and 5% annual appreciation accumulates to $103,053 by year five. Five-year ROI measures 116.14% and total cumulative return in cash reaches $143,603. For financing, Ziffy Mortgage’s DSCR program evaluates $2,546/mo property income against a $1,826/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.25 Acres lot
$N/A/sqft
$600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory H Brown • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525913
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.