6104 E Tillman RdFort WayneIN46816
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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 6104 E Tillman Rd, Fort Wayne, IN, 46816 offers a 9.42% rental yield on a $173,400 purchase with $1,361/mo rent. Total monthly income registers $1,361/mo, and a $849/mo payment leaves $320/mo available for distribution. Annual cash flow reaches $3,838/yr on $57,482 to close, and return on cash invested stands at 26.59% in year one. Equity gained on principal adds $1,119/yr while 5% annual appreciation supports $47,907 over five years. Portfolio math shows five-year ROI at 138.42% and total cumulative return in cash at $79,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,361/mo property income against a $849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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Listed by: Tracy L Ward • American Dream Team Real Estate Brokers
Mls Name: IRMLS
Mls ID: #202525981