511 E Pettit AveFort WayneIN46806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 511 E Pettit Ave, Fort Wayne, IN, 46806 in Fort Wayne. At $110,000 it earns $1,020/mo in rent and distributes $360/mo to the owner after the $495/mo payment, a consistent 11.13% yield. DSCR 2.06 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $30,391 in value; $1,013/yr in principal paydown compounds ownership stake. Total projected return: $64,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.8% |
| Monthly Cash Flow | $360 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,020 |
| Total Monthly Debt Service | $617 |
| DSCR Ratio | 1.65x |
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 1950
4,356 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 1950
4,356 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffery Holtsclaw • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202601603