1918 Drexel AveFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Fort Wayne at 1918 Drexel Ave, Fort Wayne, IN, 46806 projects strong ROI of -0.48%. Rental yield 0.67%. With 5% annual appreciation, the property builds $574,666 in value over five years. Equity growth combined delivers a projected five-year ROI of 9.92%, translating into $58,310 in total cumulative return on $587,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.7% | 6.8% |
| Monthly Cash Flow | $(11,324) | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,162 |
| Total Monthly Debt Service | $11,658 |
| DSCR Ratio | 0.10x |
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.
Single Family
Built in 1935
5,227 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 1935
5,227 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany E Meza • Keller Williams Realty Group
Mls Name: IRMLS
Mls ID: #202601529