3324 Alexander StFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Fort Wayne rentals match the income profile of 3324 Alexander St, Fort Wayne, IN, 46806. Listed at $129,500, gross rent is $1,387/mo and net cash flow is $610/mo, a 12.85% yield well above national averages. DSCR 2.38 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $35,778 by year five with $1,193/yr in annual principal reduction, projecting $88,292 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 6.8% |
| Monthly Cash Flow | $610 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,387 |
| Total Monthly Debt Service | $726 |
| DSCR Ratio | 1.91x |
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 1943
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 1943
5,227 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Schaper • Metro Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522047
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.