8608 Winchester RdFort WayneIN46819
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 8608 Winchester Rd, Fort Wayne, IN, 46819 in Fort Wayne: $2,046/mo in rent, $845/mo net, 12.28% gross yield, all on a $200,000 acquisition. The 2.28 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $55,256 in value, and $1,842/yr in principal paydown steadily builds equity. Projected total cumulative return: $130,139.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 6.8% |
| Monthly Cash Flow | $845 | $420 |
City averages based on Fort Wayne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,046 |
| Total Monthly Debt Service | $1,121 |
| DSCR Ratio | 1.83x |
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 1948
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
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 1948
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffiny D Holmes • Keller Williams Realty Group
Mls Name: IRMLS
Mls ID: #202533325