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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fort Wayne at 1021 W Wayne St, Fort Wayne, IN, 46802 priced at $306,700 converts $1,868/mo rent into $27/mo cash flow after a $1,501/mo obligation. Total monthly income equals $1,868/mo, and annual cash flow totals $325/yr on $101,671 invested. Return on cash invested prints 20.23% in year one, and rental yield reads 7.31% against a $306,700 entry. Equity gained on principal adds $1,979/yr, while 5% annual appreciation compiles into $84,736 by year five. Five-year ROI reaches 104.35% and total cumulative return in cash sums $106,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,501/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
Date | Event | Price |
|---|---|---|
| 2025-08-05 | Listing removed | $319,900 |
| 2025-07-29 | Price change | $319,900 |
| 2025-06-18 | Price change | $314,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $2532.84 | 1.56% | $221,500 | -0.76% |
| 2023-10-27 | $2493.84 | -5.04% | $223,200 | 0.68% |
| 2022-10-27 | $2626.12 | 1.30% | $221,700 | -5.22% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
