917 Lake Hill CtFort 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
Rental property for sale in Fort Wayne at 917 Lake Hill Ct, Fort Wayne, IN, 46845 generates $2,419/mo in rent and, after a $1,884/mo payment, leaves $108/mo in cash flow. Total monthly income is $2,419/mo, and annual cash flow is $1,301/yr on $127,594 invested. Return on cash invested sits at 20.93% in year one, and rental yield is 7.54% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 108.08% and total cumulative return in cash sums $137,907. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,419/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.36 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: Mary B Mauger • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202548917