1619 Steup AveFort WayneIN46808
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1619 Steup Ave, Fort Wayne, IN, 46808 in Fort Wayne is a top-tier cash-flow asset. At $108,000 it produces $1,974/mo in rent and $1,303/mo in net monthly income, a 21.93% gross rental yield. The DSCR of 4.06 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $15,637. Five-year appreciation adds $29,838, driving a total cumulative return of $124,816.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.9% | 6.8% |
| Monthly Cash Flow | $1,303 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,974 |
| Total Monthly Debt Service | $628 |
| DSCR Ratio | 3.14x |
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 1930
4,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
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 1930
4,678 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Housing Distribution
Address Breakdown
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Owen • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425231
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.