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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 1231 W Washington Blvd, Fort Wayne, IN, 46802 earns $86/mo cash flow from $2,468/mo rent with a $1,713/mo payment. Total monthly income totals $2,468/mo, and annual cash flow totals $1,030/yr on $115,992 capital. ROI tracks 20.8% on current figures, and rental yield reads 8.46% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 108.41% and total cumulative return in cash sums $125,742. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,468/mo property income instead of your personal income.
Single Family
Built in 2008
4,356 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 |
|---|---|---|
| 2025-06-23 | Listed for sale | $349,900 |
| 2023-04-06 | Sold | $309,900 |
| 2023-03-07 | Pending sale | $319,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $6280.20 | 77.08% | $292,500 | 6.48% |
| 2023-06-25 | $3546.56 | -7.76% | $274,700 | 74.08% |
| 2022-06-25 | $3845.08 | 4.82% | $157,800 | -8.26% |
Listed by: Erin Hyndman • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524017
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.
