5108 Woodmark DrFort WayneIN46815
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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 5108 Woodmark Dr, Fort Wayne, IN, 46815 offers $1,381/mo rent that, after a $751/mo payment, leaves $260/mo cash flow. Total monthly income is $1,381/mo, and annual cash flow is $3,120/yr on $50,852 cash. Return on cash invested measures 26.04% in year one, and rental yield stands at 10.8% at a $153,400 entry. Equity gained on principal adds $990/yr while 5% annual appreciation compounds into $42,382 by year five. Five-year ROI records 137.18% and total cumulative return in cash reaches $69,761. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,381/mo property income versus a $751/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Jeffrey Lawson • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429523
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.