3509 Plaza DrFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3509 Plaza Dr, Fort Wayne, IN, 46806 in Fort Wayne speaks for itself: 11.06% gross on a $172,800 price, generating $1,592/mo in rent and $555/mo in net income after the $777/mo debt service. DSCR 2.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,657 stacks alongside $47,741 in projected five-year appreciation and $1,592/yr in principal reduction. Projected total cumulative return: $101,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.8% |
| Monthly Cash Flow | $555 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,592 |
| Total Monthly Debt Service | $969 |
| DSCR Ratio | 1.64x |
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 1964
6,534 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 1964
6,534 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerry Starks • JM Realty Associates, Inc.
Mls Name: IRMLS
Mls ID: #202528780