5720 Devils Hollow Rd, Fort Wayne, IN, 46814 | $100/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5720 Devils Hollow Rd, Fort Wayne, IN, 46814 | $100/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 5720 Devils Hollow Rd, Fort Wayne, IN, 46814 listed at $475,000 pairs $2,951/mo rent with a $2,325/mo payment to leave $100/mo cash flow. Total monthly income runs $2,951/mo, and annual cash flow reaches $1,194/yr on $157,463 cash to close. Return on cash invested measures 20.67% in year one, and rental yield registers 7.46% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 106.67% and total cumulative return in cash totals $167,959. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,951/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1980

1.91 Acres lot

$N/A/sqft

No HOA

More details about the property

What an amazing opportunity awaits the new owners of this fabulous home in Devils Hollow. This Roy McNett home has all the features you would expect such as soaring beamed ceilings, floor to ceiling windows, and plenty of closet space. With more than 3,200 square feet above grade, there is plenty of room for all your needs. The open family room has a beautiful stone fireplace, beamed cathedral ceilings and a handy wet bar. The open kitchen has granite counters and an abundance of cabinet space. The main floor has a large den that could be easily converted to a main floor primary bedroom. There is a smaller second office and a large half bath. Upstairs you will find the primary suite with a large private bath that includes a walk-in shower, separate tub, his and her vanities and closets. The additional 2 bedrooms are connected by a shared room that would be a perfect playroom, reading area, or study room. These 2 bedrooms share the additional full bathroom. The laundry room is located on this level and there is a lofted area overlooking the entryway. The 1,300 square foot unfinished basement is a blank canvas. There is a sauna in the basement. Enoy the peacefulness of your wooded lot from the screened in porch. This home has a 3-car attached garage and an additional 2-car detached garage with workshop. The roof is less than 5 years old and the geothermal system was installed in 2023. Sitting on nearly 2 acres the possibilities are endless. Come tour this home and see the potential of what it could be. Schedule your tour today.

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