Lancia's Van Buren Plan, Shadowood 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
Rental property for sale in Fort Wayne at Lancia's Van Buren Plan, Shadowood Lakes, Fort Wayne, IN, 46818 priced at $221,500 converts $1,539/mo rent into $168/mo cash flow after a $1,084/mo obligation. Total monthly income equals $1,539/mo, and annual cash flow totals $2,010/yr on $73,427 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 8.34% against a $221,500 entry. Equity gained on principal adds $1,429/yr, while 5% annual appreciation compiles into $61,196 by year five. Five-year ROI reaches 117.56% and total cumulative return in cash sums $86,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,539/mo property income covering a $1,084/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$42 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 • Lancia Homes
Mls Name: Lancia Homes
Mls ID: #N/A