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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 1250 Sheridan Ct, Fort Wayne, IN, 46807 offers a 9.33% rental yield on a $255,900 purchase with $1,990/mo rent. Total monthly income registers $1,990/mo, and a $1,253/mo payment leaves $399/mo available for distribution. Annual cash flow reaches $4,785/yr on $84,831 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $1,651/yr while 5% annual appreciation supports $70,700 over five years. Portfolio math shows five-year ROI at 133.14% and total cumulative return in cash at $112,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,990/mo property income against a $1,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,462 sqft lot
$N/A/sqft
$35 monthly 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 |
|---|---|---|
| 2025-04-21 | Listed for sale | $255,900 |
| 2020-07-16 | Sold | $171,900 |
| 2020-07-08 | Listed for sale | $171,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $2360.62 | 15.07% | $214,300 | 2.78% |
| 2023-04-21 | $2051.54 | 11.14% | $208,500 | 13.56% |
| 2022-04-21 | $1845.96 | 13.99% | $183,600 | 10.34% |
Listed by: Sarah Najdeski • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513696
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.
