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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% |
Rental property for sale in Fort Wayne at 1324 Maple Ave, Fort Wayne, IN, 46807 generates $1,034/mo in rent and, after a $734/mo payment, leaves $134/mo in cash flow. Total monthly income is $1,034/mo, and annual cash flow is $1,606/yr on $49,692 invested. Return on cash invested sits at 23.14% in year one, and rental yield is 8.28% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 119.94% and total cumulative return in cash sums $59,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,662 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 |
|---|---|---|
| 2025-05-28 | Listed for sale | $149,900 |
| 2022-10-19 | Sold | $87,500 |
| 2015-03-20 | Sold | $26,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $1043.72 | 200.94% | $109,000 | -7.63% |
| 2023-05-29 | $346.82 | 260.74% | $118,000 | 28.82% |
| 2022-05-29 | $96.14 | 2.02% | $91,600 | 19.58% |
Listed by: Courtney Ousley • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519744
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.
