3077 Leon CvFort WayneIN46845
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Fort Wayne rental at 3077 Leon Cv, Fort Wayne, IN, 46845 sits in the solid-income band: 8.48% gross yield, $3,341/mo rent, $501/mo net after the $2,127/mo debt service, DSCR 1.57. Entry price of $473,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $130,681 and $4,356/yr in principal reduction bring total cumulative return to $211,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.8% |
| Monthly Cash Flow | $501 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,341 |
| Total Monthly Debt Service | $2,651 |
| DSCR Ratio | 1.26x |
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 2019
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46845, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,048 (100%) |
| Owner Occupied HU | 9,968 (82.7%) |
| Renter Occupied HU | 1,630 (13.5%) |
| Vacant Housing Units | 450 ( 3.7%) |
| Median Home Value | $335,610 |
| Average Home Value | $360,690 |
Housing Distribution
Address Breakdown
Residential
11,995
Single Family
11,159
Multi-Family
836
Businesses
222
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 2019
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46845, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,048 (100%) |
| Owner Occupied HU | 9,968 (82.7%) |
| Renter Occupied HU | 1,630 (13.5%) |
| Vacant Housing Units | 450 ( 3.7%) |
| Median Home Value | $335,610 |
| Average Home Value | $360,690 |
Housing Distribution
Address Breakdown
Residential
11,995
Single Family
11,159
Multi-Family
836
Businesses
222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lesley Douglass • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202544907