5605 Renfrew 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 5605 Renfrew Dr, Fort Wayne, IN, 46835 uses $71,273 cash to close to unlock $10,101/yr annual cash flow and $842/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,052/mo payment keeps the spread at $842/mo. Purchase price stands at $215,000, and rental yield measures 11.9% with $2,132/mo rent. Return on cash invested shows 34.08% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 178.62% and total cumulative return in cash records $127,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.25 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: Linda James • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202527820