11640 Carroll CvFort WayneIN46818
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 11640 Carroll Cv, Fort Wayne, IN, 46818 in Fort Wayne fits: $494,900, 5.15% gross yield, and a projected 5% annual appreciation rate adding $136,732 in value within five years. Rental yield 5.15%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.95) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,558/yr in principal paydown and $136,732 in appreciation project a total return of $131,240.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.8% |
| Monthly Cash Flow | $(873) | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,123 |
| Total Monthly Debt Service | $2,799 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2012
0.40 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2012
0.40 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46818, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,825 (100%) |
| Owner Occupied HU | 7,623 (77.6%) |
| Renter Occupied HU | 1,718 (17.5%) |
| Vacant Housing Units | 484 ( 4.9%) |
| Median Home Value | $245,867 |
| Average Home Value | $263,378 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
9,890
Multi-Family
119
Businesses
651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard J Fletcher • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513674
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.