6415 Pawawna DrFort WayneIN46815
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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 6415 Pawawna Dr, Fort Wayne, IN, 46815 offers a 11.16% rental yield on a $268,500 purchase with $2,496/mo rent. Total monthly income registers $2,496/mo, and a $1,314/mo payment leaves $854/mo available for distribution. Annual cash flow reaches $10,253/yr on $89,008 to close, and return on cash invested stands at 31.43% in year one. Equity gained on principal adds $1,733/yr while 5% annual appreciation supports $74,182 over five years. Portfolio math shows five-year ROI at 164.53% and total cumulative return in cash at $146,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,496/mo property income against a $1,314/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.27 Acres lot
$N/A/sqft
$48 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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Listed by: Neal G Sherk • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535505
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.