6511 Durango 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 6511 Durango Dr, Fort Wayne, IN, 46815 offers a 10.73% rental yield on a $275,000 purchase with $2,460/mo rent. Total monthly income registers $2,460/mo, and a $1,346/mo payment leaves $809/mo available for distribution. Annual cash flow reaches $9,711/yr on $91,163 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 159.75% and total cumulative return in cash at $145,631. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,460/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No 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: Josette Jordan • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls ID: #202527256