5620 Homestead RdFort WayneIN46814
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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
Rental property for sale in Fort Wayne at 5620 Homestead Rd, Fort Wayne, IN, 46814 priced at $281,000 converts $2,380/mo rent into $694/mo cash flow after a $1,375/mo obligation. Total monthly income equals $2,380/mo, and annual cash flow totals $8,323/yr on $93,152 invested. Return on cash invested prints 28.84% in year one, and rental yield reads 10.16% against a $281,000 entry. Equity gained on principal adds $1,813/yr, while 5% annual appreciation compiles into $77,635 by year five. Five-year ROI reaches 150.53% and total cumulative return in cash sums $140,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,380/mo property income covering a $1,375/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
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Listed by: Amie Sprunger • Heartland Auction & Realty,Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517186
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.