12921 E Tillman Rd, Fort Wayne, IN, 46816 | $449/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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12921 E Tillman Rd, Fort Wayne, IN, 46816 | $449/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Fort Wayne at 12921 E Tillman Rd, Fort Wayne, IN, 46816 generates $1,949/mo in rent and, after a $1,223/mo payment, leaves $449/mo in cash flow. Total monthly income is $1,949/mo, and annual cash flow is $5,388/yr on $82,842 invested. Return on cash invested sits at 26.41% in year one, and rental yield is 9.36% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 137.54% and total cumulative return in cash sums $113,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for affordable country living? This 1560 sq ft ranch sits surrounded by scenic fields on a half acre with NO HOA!!! Great location with easy access to I-469, convenient to New Haven and Ft Wayne amenities. Large 20x15 living room, eat-in kitchen plus three bedrooms, 2 full bathrooms plus utility/laundry room, 2 car attached garage. Refrigerator (2025), wall oven and elec cooktop (2020) remain, as do washer and dryer and water softener. Owner recently installed a wall mounted heat pump/AC in the living room to help keep the house comfortable and efficiently heated/cooled. Clean and neat, this home is ready to move into!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,306 (100%)
Owner Occupied HU	3,989 (48.0%)
Renter Occupied HU	3,575 (43.0%)
Vacant Housing Units	742 ( 8.9%)
Median Home Value	$165,445
Average Home Value	$214,685