6017 Sawmill Woods DrFort WayneIN46835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6017 Sawmill Woods Dr, Fort Wayne, IN, 46835 uses $60,631 cash to close to unlock $7,827/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $895/mo payment keeps the spread at $652/mo. Purchase price stands at $182,900, and rental yield measures 11.48% with $1,750/mo rent. Return on cash invested shows 32.82% in year one, and 5% annual appreciation builds toward $50,532 over five years. Five-year ROI reaches 171.88% and total cumulative return in cash records $104,211. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $895/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Rutledge • Trueblood Real Estate, LLC.
Mls Name: IRMLS
Mls ID: #202547722