1821 E Pontiac StFort WayneIN46803
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1821 E Pontiac St, Fort Wayne, IN, 46803 in Fort Wayne worth study. Rental yield 2.61%. The 2.61% gross yield is below cash-flow benchmarks at $574,900, but 5% annual appreciation, adding $158,834 over five years, frames this as a capital growth position. Rent of $1,250/mo partially offsets the $2,585/mo payment. Ziffy Mortgage finances appreciation-play properties (0.48 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $75,898.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.6% | 6.8% |
| Monthly Cash Flow | $(2,201) | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,250 |
| Total Monthly Debt Service | $3,222 |
| DSCR Ratio | 0.39x |
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.
Multi Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
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
Multi Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46803, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,555 (100%) |
| Owner Occupied HU | 1,546 (33.9%) |
| Renter Occupied HU | 2,353 (51.7%) |
| Vacant Housing Units | 656 (14.4%) |
| Median Home Value | $85,510 |
| Average Home Value | $139,154 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,660
Multi-Family
313
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202611166