456 Colerick StFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow456 Colerick St, Fort Wayne, IN, 46806 in Fort Wayne is a top-tier cash-flow asset. At $130,000 it produces $1,469/mo in rent and $688/mo in net monthly income, a 13.56% gross rental yield. The DSCR of 2.51 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $8,261. Five-year appreciation adds $35,917, driving a total cumulative return of $93,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.8% |
| Monthly Cash Flow | $688 | $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 | $1,469 |
| Total Monthly Debt Service | $729 |
| DSCR Ratio | 2.02x |
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 1925
2,613 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 1925
2,613 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ahtway Freeda • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435995
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.