9421 Mill Ridge RunFort 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 9421 Mill Ridge Run, Fort Wayne, IN, 46835 uses $82,875 cash to close to unlock $5,987/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $1,224/mo payment keeps the spread at $499/mo. Purchase price stands at $250,000, and rental yield measures 9.6% with $2,000/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 141.32% and total cumulative return in cash records $117,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1997
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: Elle Hinton • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202525587