9404 Black Diamond PlFort WayneIN46835
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
Investment property for sale in Fort Wayne at 9404 Black Diamond Pl, Fort Wayne, IN, 46835 earns $323/mo cash flow from $1,760/mo rent with a $1,172/mo payment. Total monthly income totals $1,760/mo, and annual cash flow totals $3,871/yr on $79,394 capital. ROI tracks 24.78% on current figures, and rental yield reads 8.82% at a $239,500 purchase. Equity gained on principal adds $1,545/yr, and 5% annual appreciation supports $66,169 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash sums $102,229. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,760/mo property income instead of your personal income.
Single Family
Built in 1994
9,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46835, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,808 (100%) |
| Owner Occupied HU | 11,514 (68.5%) |
| Renter Occupied HU | 4,564 (27.2%) |
| Vacant Housing Units | 730 ( 4.3%) |
| Median Home Value | $251,777 |
| Average Home Value | $294,834 |
Housing Distribution
Address Breakdown
Residential
16,081
Single Family
15,470
Multi-Family
611
Businesses
274
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Philip Davis • Davis Realty Services
Mls Name: IRMLS
Mls ID: #202600224