3020 Shawnee DrFort WayneIN46807
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3020 Shawnee Dr, Fort Wayne, IN, 46807 in Fort Wayne earns its strong cash-flow label: 11.23% yield, $1,730/mo rent, $620/mo net income, DSCR 1.97. The $184,900 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 $51,084 by year five. Combined with $1,550/yr in principal paydown, total projected return reaches $106,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.8% |
| Monthly Cash Flow | $620 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,730 |
| Total Monthly Debt Service | $1,081 |
| DSCR Ratio | 1.60x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Housing Distribution
Address Breakdown
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
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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
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Nearby investment properties with comparable prices
Listed by: Dylan Dehmiri • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202644471
