819 Eckart St,Fort Wayne,IN,46806

Investment Highlights

Rental property for sale in Fort Wayne at 819 Eckart St, Fort Wayne, IN, 46806 offers $1,207/mo rent that, after a $712/mo payment, leaves $334/mo cash flow. Total monthly income is $1,207/mo, and annual cash flow is $4,005/yr on $48,233 cash. Return on cash invested measures 28.21% in year one, and rental yield stands at 9.95% at a $145,500 entry. Equity gained on principal adds $939/yr while 5% annual appreciation compounds into $40,199 by year five. Five-year ROI records 147.13% and total cumulative return in cash reaches $70,965. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,207/mo property income versus a $712/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.