3930 Wenonah LnFort WayneIN46809
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 3930 Wenonah Ln, Fort Wayne, IN, 46809 in Fort Wayne. At $243,900 it earns $1,724/mo in rent and distributes $260/mo to the owner after the $1,156/mo payment, a consistent 8.48% yield. DSCR 1.49 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $67,385 in value; $2,045/yr in principal paydown compounds ownership stake. Total projected return: $104,440.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.8% |
| Monthly Cash Flow | $260 | $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 | $1,724 |
| Total Monthly Debt Service | $1,427 |
| DSCR Ratio | 1.21x |
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 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Housing Distribution
Address Breakdown
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls Provider:
Mls ID: #202639840
