5537 S Wayne Ave, Fort Wayne, IN, 46807 | $537/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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5537 S Wayne Ave, Fort Wayne, IN, 46807 | $537/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fort Wayne at 5537 S Wayne Ave, Fort Wayne, IN, 46807 offers a 11.11% rental yield on a $165,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $808/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,445/yr on $54,698 to close, and return on cash invested stands at 31.69% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 165.86% and total cumulative return in cash at $90,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this amazing 3 BR 2.5 bath condo located in the sought-out Courts of Woodhurst in the 07! Enjoy maintenance -free living at its best. The spacious living room seamlessly flows into the updated kitchen and dining area, perfect for entertaining. Step outside to relax on your private patio with a privacy fence. The large master bedroom features a walk-in closet, providing ample storage. Additional highlights include a cozy wood-burning fireplace and all appliances included, with the refrigerator, washer & dryer being just a few months old. The AC unit was replaced in 2023, along with commercial grade laminate flooring on the main level and the water heater in 2019, ensuring worry-free living! The association dues cover gas, water & sewer, garbage, security, pool amenities & clubhouse, snow removal, lawn care & repairs to common grounds. Conveniently located near Foster Park, this condo is ready for you to call home!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,888 (100%)
Owner Occupied HU	3,948 (57.3%)
Renter Occupied HU	2,419 (35.1%)
Vacant Housing Units	521 ( 7.6%)
Median Home Value	$189,648
Average Home Value	$217,450