5020 Northfield DrFort WayneIN46804
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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 5020 Northfield Dr, Fort Wayne, IN, 46804 uses $52,211 cash to close to unlock $3,029/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $771/mo payment keeps the spread at $252/mo. Purchase price stands at $157,500, and rental yield measures 9.13% with $1,198/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 133.76% and total cumulative return in cash records $69,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $771/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Ian Barnhart • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls ID: #202535997