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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 14921 Lothamer Dr, Fort Wayne, IN, 46819 generates $2,404/mo in rent and, after a $1,542/mo payment, leaves $513/mo in cash flow. Total monthly income is $2,404/mo, and annual cash flow is $6,154/yr on $104,423 invested. Return on cash invested sits at 25.8% in year one, and rental yield is 9.16% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 134.19% and total cumulative return in cash sums $140,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,404/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $315,000 |
| 2024-11-04 | Pending sale | $315,000 |
| 2024-09-30 | Price change | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1494.32 | 16.56% | $256,800 | 12.29% |
| 2023-11-02 | $1282.06 | -57.78% | $228,700 | 3.34% |
| 2022-11-02 | $3036.80 | 14.01% | $221,300 | 20.47% |
What's Special
Pull Down Stairs
Listed by: Brittany E Meza • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426696
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.
