1606 Capitol AveFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1606 Capitol Ave, Fort Wayne, IN, 46806 in Fort Wayne earns its strong cash-flow label: 11.12% yield, $1,537/mo rent, $541/mo net income, DSCR 2.06. The $165,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $45,835 by year five. Combined with $1,528/yr in principal paydown, total projected return reaches $97,641.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.8% |
| Monthly Cash Flow | $541 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,537 |
| Total Monthly Debt Service | $930 |
| DSCR Ratio | 1.65x |
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 1952
8,712 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 1952
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaleefa Simpson • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202525451