3116 Castle DrFort WayneIN46816
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3116 Castle Dr, Fort Wayne, IN, 46816 in Fort Wayne is a solid income-producing rental, 10.29% gross yield, $1,616/mo rent, $485/mo net cash flow on a $188,500 buy. DSCR 1.91 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $52,079 and $1,736/yr in principal reduction project a total cumulative return of $102,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.8% |
| Monthly Cash Flow | $485 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,616 |
| Total Monthly Debt Service | $1,057 |
| DSCR Ratio | 1.53x |
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 1955
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
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 1955
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Housing Distribution
Address Breakdown
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Har Mee Dar • JM Realty Associates, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433669
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.