904 Mill PointeFort 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
Investment property for sale in Fort Wayne at 904 Mill Pointe, Fort Wayne, IN, 46845 earns $151/mo cash flow from $2,402/mo rent with a $1,835/mo payment. Total monthly income totals $2,402/mo, and annual cash flow totals $1,816/yr on $124,313 capital. ROI tracks 21.37% on current figures, and rental yield reads 7.69% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 110.44% and total cumulative return in cash sums $137,295. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,402/mo property income instead of your personal income.
Condo
Built in 1987
0.26 Acres 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: Amy Allison • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202601624