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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% |
Investment property for sale in Fort Wayne at 1109 W Packard Ave, Fort Wayne, IN, 46807 offers a 11.75% rental yield on a $139,500 purchase with $1,366/mo rent. Total monthly income registers $1,366/mo, and a $683/mo payment leaves $528/mo available for distribution. Annual cash flow reaches $6,341/yr on $46,244 to close, and return on cash invested stands at 33.62% in year one. Equity gained on principal adds $900/yr while 5% annual appreciation supports $38,541 over five years. Portfolio math shows five-year ROI at 176.22% and total cumulative return in cash at $81,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,366/mo property income against a $683/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jacob Slater • Coldwell Banker Real Estate Gr
Mls Name: IRMLS
Mls ID: #202545904
