6626 Millwrights CtFort WayneIN46815
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder6626 Millwrights Ct, Fort Wayne, IN, 46815 in Fort Wayne earns a respectable 7.99% gross yield at $289,000, but after the $1,300/mo mortgage the net cash flow is $189/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.48) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $79,845 over five years, making equity the dominant return driver. Total projected return: $121,504.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.8% |
| Monthly Cash Flow | $189 | $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 | $1,924 |
| Total Monthly Debt Service | $1,620 |
| DSCR Ratio | 1.19x |
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 1996
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
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 1996
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46815, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,645 (100%) |
| Owner Occupied HU | 8,234 (70.7%) |
| Renter Occupied HU | 2,962 (25.4%) |
| Vacant Housing Units | 449 ( 3.9%) |
| Median Home Value | $218,361 |
| Average Home Value | $241,192 |
Housing Distribution
Address Breakdown
Residential
11,248
Single Family
10,821
Multi-Family
427
Businesses
491
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202627569