6501 Hill Rise DrFort WayneIN46804
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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 6501 Hill Rise Dr, Fort Wayne, IN, 46804 generates $1,290/mo in rent, after a $807/mo payment. Total monthly income is $1,290/mo. Return on cash invested sits at 19.57% in year one, and rental yield is 9.39% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash sums $56,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,290/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$306 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
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Listed by: Jason Voelck • American Dream Team Real Estate Brokers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519224
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.