1426 Eckart StFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1426 Eckart St, Fort Wayne, IN, 46806 in Fort Wayne is a solid income-producing rental, 9.59% gross yield, $1,199/mo rent, $298/mo net cash flow on a $150,000 buy. DSCR 1.78 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $41,442 and $1,382/yr in principal reduction project a total cumulative return of $76,004.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $298 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,199 |
| Total Monthly Debt Service | $841 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1925
4,791 sqft lot
$N/A/sqft
No HOA
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 1925
4,791 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Dohner • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202605466