Lancia's Wilshire 5 Plan, Verona LakesFort WayneIN46814
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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 Wilshire 5 Plan, Verona Lakes, Fort Wayne, IN, 46814 offers $1,621/mo rent that, after a $1,147/mo payment, leaves $176/mo cash flow. Total monthly income is $1,621/mo, and annual cash flow is $2,114/yr on $77,704 cash. Return on cash invested measures 22.63% in year one, and rental yield stands at 8.3% at a $234,400 entry. Equity gained on principal adds $1,513/yr while 5% annual appreciation compounds into $64,760 by year five. Five-year ROI records 117.44% and total cumulative return in cash reaches $91,256. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,621/mo property income versus a $1,147/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$38 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: N/A • Lancia Homes
Mls Name: Lancia Homes
Mls ID: #N/A