1645 Rumsey AveFort WayneIN46808
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1645 Rumsey Ave, Fort Wayne, IN, 46808 in Fort Wayne speaks for itself: 11.13% gross on a $204,900 price, generating $1,778/mo in rent and $670/mo in net income after the $921/mo debt service. DSCR 1.93, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,035 stacks alongside $56,610 in projected five-year appreciation and $1,887/yr in principal reduction. Projected total cumulative return: $112,812.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.8% |
| Monthly Cash Flow | $670 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,778 |
| Total Monthly Debt Service | $1,148 |
| DSCR Ratio | 1.55x |
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 1935
5,780 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 1935
5,780 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: Kim Stanley • Century 21 Bradley-Angola
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514567
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.