9731 Mariners Ridge Dr, Fort Wayne, IN, 46819 | $767/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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9731 Mariners Ridge Dr, Fort Wayne, IN, 46819 | $767/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fort Wayne at 9731 Mariners Ridge Dr, Fort Wayne, IN, 46819 generates $2,447/mo in rent and, after a $1,370/mo payment, leaves $767/mo in cash flow. Total monthly income is $2,447/mo, and annual cash flow is $9,201/yr on $92,787 invested. Return on cash invested sits at 29.83% in year one, and rental yield is 10.49% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 155.78% and total cumulative return in cash sums $144,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,447/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Lovely 3 bedroom, 2.5 bath two-story home on a finished basement, nestled at the back of Mariners Ridge on a large, partially wooded cul-de-sac lot! Step inside to a welcoming foyer that opens to the freshly painted great room featuring a cozy wood-burning brick fireplace. Just off the great room, youll fall in love with the spacious four-seasons room, boasting windows galore with private wooded views, a wet bar, ceramic tile flooring, and a unique pet room complete with a dog shower. The remodeled finished basement offers a third living space, perfect for entertaining or relaxing. Upstairs, the master suite features a walk-in closet and private bath with a recently updated shower, while two additional bedrooms share a second full bath. Updates include fresh interior paint (20222025), new flooring in the kitchen, foyer, and baths, new ceiling fans and fixtures, updated electrical outlets and switches, radon mitigation, a new sump pump with backup, painted fireplace, newly painted trim, and more. Enjoy outdoor living in the large wooded backyard with a fire pit, privacy fence, patio, and outbuilding/shed. Additional highlights include an attached two-car garage, upstairs laundry, and proximity to the high school. The quiet neighborhood also offers a community pond and two playgrounds within walking distance. Move-in ready and full of thoughtful updates, this home is a must-see!

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