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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 1427 Park Ave, Fort Wayne, IN, 46807 offers $1,433/mo rent that, after a $842/mo payment, leaves $400/mo cash flow. Total monthly income is $1,433/mo, and annual cash flow is $4,804/yr on $57,018 cash. Return on cash invested measures 28.33% in year one, and rental yield stands at 10% at a $172,000 entry. Equity gained on principal adds $1,110/yr while 5% annual appreciation compounds into $47,520 by year five. Five-year ROI records 147.83% and total cumulative return in cash reaches $84,289. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,433/mo property income versus a $842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
10,454 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 |
|---|---|---|
| 2025-01-02 | Sold | $172,000 |
| 2024-12-02 | Pending sale | $169,900 |
| 2024-12-02 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1197.96 | 15.62% | $62,600 | 19.47% |
| 2023-11-01 | $1036.10 | -18.98% | $52,400 | 13.67% |
| 2022-11-01 | $1278.86 | 99.47% | $46,100 | -19.26% |
Listed by: Heather Klejnot • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442423
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.
