5410 Butterfield DrFort WayneIN46835
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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 5410 Butterfield Dr, Fort Wayne, IN, 46835 uses $75,416 cash to close to unlock $5,890/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $1,114/mo payment keeps the spread at $491/mo. Purchase price stands at $227,500, and rental yield measures 9.79% with $1,856/mo rent. Return on cash invested shows 27.72% in year one, and 5% annual appreciation builds toward $62,854 over five years. Five-year ROI reaches 144.48% and total cumulative return in cash records $108,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $1,114/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46835, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,808 (100%) |
| Owner Occupied HU | 11,514 (68.5%) |
| Renter Occupied HU | 4,564 (27.2%) |
| Vacant Housing Units | 730 ( 4.3%) |
| Median Home Value | $251,777 |
| Average Home Value | $294,834 |
Housing Distribution
Address Breakdown
Residential
16,081
Single Family
15,470
Multi-Family
611
Businesses
274
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Listed by: Donielle Brown • Select Realty, LLC
Mls Name: IRMLS
Mls ID: #202536498