7606 Westminster DrFort 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 7606 Westminster Dr, Fort Wayne, IN, 46835 offers $2,256/mo rent that, after a $1,336/mo payment, leaves $596/mo cash flow. Total monthly income is $2,256/mo, and annual cash flow is $7,151/yr on $90,500 cash. Return on cash invested measures 27.81% in year one, and rental yield stands at 9.92% at a $273,000 entry. Equity gained on principal adds $1,762/yr while 5% annual appreciation compounds into $75,425 by year five. Five-year ROI records 145.07% and total cumulative return in cash reaches $131,287. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,256/mo property income versus a $1,336/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.27 Acres lot
$N/A/sqft
$40 annually 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: Scott Lucas • Uptown Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510396
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.