2526 Ridgeway DrFort WayneIN46816
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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 2526 Ridgeway Dr, Fort Wayne, IN, 46816 earns $511/mo cash flow from $1,501/mo rent with a $807/mo payment. Total monthly income totals $1,501/mo, and annual cash flow totals $6,135/yr on $54,664 capital. ROI tracks 31.13% on current figures, and rental yield reads 10.92% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 162.85% and total cumulative return in cash sums $89,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,501/mo property income instead of your personal income.
Single Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Marquayle Martin • JM Realty Associates, Inc.
Mls Name: IRMLS
Mls ID: #202542964