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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 1205 Sheridan Ct, Fort Wayne, IN, 46807 uses $84,499 cash to close to unlock $3,828/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,852/mo, and a $1,248/mo payment keeps the spread at $319/mo. Purchase price stands at $254,900, and rental yield measures 8.72% with $1,852/mo rent. Return on cash invested shows 24.44% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash records $107,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,852/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1926
5,227 sqft lot
$N/A/sqft
$30 annually 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 |
|---|---|---|
| 2016-05-31 | Sold | $140,000 |
| 2016-04-09 | Listed for sale | $144,900 |
| 2008-07-31 | Sold | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $2011.40 | 11.98% | $193,500 | 5.80% |
| 2023-07-09 | $1796.16 | 3.59% | $182,900 | 13.18% |
| 2022-07-09 | $1733.84 | 6.62% | $161,600 | 3.13% |
What's Special
Storage
Listed by: Angela R Palm • The Douglass Home Team, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526391
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
