5111 Salem LnFort WayneIN46806
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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 5111 Salem Ln, Fort Wayne, IN, 46806 offers $1,416/mo rent that, after a $905/mo payment, leaves $205/mo cash flow. Total monthly income is $1,416/mo, and annual cash flow is $2,456/yr on $61,294 cash. Return on cash invested measures 23.92% in year one, and rental yield stands at 9.19% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 124.84% and total cumulative return in cash reaches $76,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,416/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Pete Hilty • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514442
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