








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 1632 Lake Ave, Fort Wayne, IN, 46805 generates $1,703/mo in rent and, after a $978/mo payment, leaves $503/mo in cash flow. Total monthly income is $1,703/mo, and annual cash flow is $6,041/yr on $66,267 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 10.22% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 151.52% and total cumulative return in cash sums $100,405. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,703/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Benjamin Link • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202539516