9238 Hemphill DrFort WayneIN46819
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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 9238 Hemphill Dr, Fort Wayne, IN, 46819 listed at $224,900 pairs $2,092/mo rent with a $1,101/mo payment to leave $742/mo cash flow. Total monthly income runs $2,092/mo, and annual cash flow reaches $8,901/yr on $74,554 cash to close. Return on cash invested measures 31.85% in year one, and rental yield registers 11.16% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 166.62% and total cumulative return in cash totals $124,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,092/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
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Listed by: Michael H Meyer • Uptown Realty Group
Mls Name: IRMLS
Mls ID: #202535233