Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1521 Spring Cress Rd, Fort Wayne, IN, 46814 uses $99,284 cash to close to unlock $3,552/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,137/mo, and a $1,466/mo payment keeps the spread at $296/mo. Purchase price stands at $299,500, and rental yield measures 8.56% with $2,137/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash records $121,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,137/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Condo
Built in 1993
9,583 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
Date | Event | Price |
|---|---|---|
| 2013-02-01 | Sold | $165,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-23 | $2602.24 | 13.89% | $275,800 | 4.83% |
| 2023-09-23 | $2284.86 | 24.04% | $263,100 | 22.89% |
| 2022-09-23 | $1842.08 | 2.42% | $214,100 | 20.62% |
What's Special
Pull Down Stairs
Listed by: Jason Satkowiak • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538409
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.
