460 E Wildwood AveFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.2% gross rental yield, 460 E Wildwood Ave, Fort Wayne, IN, 46806 in Fort Wayne is priced for capital growth, not immediate cash flow. The $620,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $171,295 by year five, with $5,710/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.41) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $68,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 6.8% |
| Monthly Cash Flow | $(2,587) | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,135 |
| Total Monthly Debt Service | $3,475 |
| DSCR Ratio | 0.33x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1920
4,791 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 1920
4,791 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202608725