ELM Plan, Grasslands at Broad AcresFort WayneIN46818
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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 ELM Plan, Grasslands at Broad Acres, Fort Wayne, IN, 46818 offers a 8.31% rental yield on a $328,900 purchase with $2,279/mo rent. Total monthly income registers $2,279/mo, and a $1,610/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,654/yr on $109,030 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $2,122/yr while 5% annual appreciation supports $90,869 over five years. Portfolio math shows five-year ROI at 120.58% and total cumulative return in cash at $131,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,279/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A