6129 Schwartz RdFort 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
Rental property for sale in Fort Wayne at 6129 Schwartz Rd, Fort Wayne, IN, 46835 generates $2,204/mo in rent and, after a $1,664/mo payment, leaves $163/mo in cash flow. Total monthly income is $2,204/mo, and annual cash flow is $1,958/yr on $112,710 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 7.78% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 111.95% and total cumulative return in cash sums $126,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,204/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
1.43 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: Abby Miller • Wieland Real Estate
Mls Name: IRMLS
Mls ID: #202543714