5509 Gadwall PassFort WayneIN46818
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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 5509 Gadwall Pass, Fort Wayne, IN, 46818 offers a 7.69% rental yield on a $429,000 purchase with $2,750/mo rent. Total monthly income registers $2,750/mo, and a $2,100/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,094/yr on $142,214 to close, and return on cash invested stands at 21.38% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 110.5% and total cumulative return in cash at $157,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,750/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
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Listed by: Alison Rhinehart • Regan & Ferguson Group
Mls Name: IRMLS
Mls ID: #202540056