9404 Trellis CvFort WayneIN46835
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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 9404 Trellis Cv, Fort Wayne, IN, 46835 listed at $344,000 pairs $2,494/mo rent with a $1,684/mo payment to leave $429/mo cash flow. Total monthly income runs $2,494/mo, and annual cash flow reaches $5,145/yr on $114,036 cash to close. Return on cash invested measures 24.42% in year one, and rental yield registers 8.7% at a $344,000 basis. Equity gained on principal adds $2,220/yr, and annual property appreciation at 5% supports $95,041 by year five. Five-year ROI tracks 126.79% and total cumulative return in cash totals $144,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,494/mo property income relative to a $1,684/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
10,454 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
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Listed by: Denise Oberley-Landin • Innovations in Real Estate
Mls Name: IRMLS
Mls ID: #202524690