6804 Richfield CtFort 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 6804 Richfield Ct, Fort Wayne, IN, 46816 uses $86,157 cash to close to unlock $9,700/yr annual cash flow and $808/mo monthly cash flow. Total monthly income runs $2,374/mo, and a $1,272/mo payment keeps the spread at $808/mo. Purchase price stands at $259,900, and rental yield measures 10.96% with $2,374/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 163.03% and total cumulative return in cash records $140,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.35 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: Lisa M Foster • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523625
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.