Frazier 21 Floor Plan, Palmira LakesFort 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 Frazier 21 Floor Plan, Palmira Lakes, Fort Wayne, IN, 46818 listed at $457,000 pairs $3,029/mo rent with a $2,237/mo payment to leave $253/mo cash flow. Total monthly income runs $3,029/mo, and annual cash flow reaches $3,042/yr on $151,496 cash to close. Return on cash invested measures 21.92% in year one, and rental yield registers 7.95% at a $457,000 basis. Equity gained on principal adds $2,949/yr, and annual property appreciation at 5% supports $126,261 by year five. Five-year ROI tracks 113.47% and total cumulative return in cash totals $171,895. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,029/mo property income relative to a $2,237/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
$32 monthly 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 • Windsor Homes
Mls Name: Windsor Homes
Mls Provider:
Mls ID: #N/A