5235 Northcrest DrFort WayneIN46825
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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 5235 Northcrest Dr, Fort Wayne, IN, 46825 uses $60,631 cash to close to unlock $8,211/yr annual cash flow and $684/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $895/mo payment keeps the spread at $684/mo. Purchase price stands at $182,900, and rental yield measures 11.69% with $1,782/mo rent. Return on cash invested shows 33.45% in year one, and 5% annual appreciation builds toward $50,532 over five years. Five-year ROI reaches 175.28% and total cumulative return in cash records $106,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $895/mo payment rather than investor’s personal income.
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46825, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 7,944 (58.1%) |
| Renter Occupied HU | 4,937 (36.1%) |
| Vacant Housing Units | 797 ( 5.8%) |
| Median Home Value | $237,440 |
| Average Home Value | $265,249 |
Housing Distribution
Address Breakdown
Residential
13,252
Single Family
11,288
Multi-Family
1,964
Businesses
1,404
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Listed by: Tony Ervin • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202535135