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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% |
Investment property for sale in Fort Wayne at 1639 Reckeweg Rd, Fort Wayne, IN, 46804 listed at $210,000 pairs $1,992/mo rent with a $1,028/mo payment to leave $684/mo cash flow. Total monthly income runs $1,992/mo, and annual cash flow reaches $8,206/yr on $69,615 cash to close. Return on cash invested measures 31.7% in year one, and rental yield registers 11.38% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 166.12% and total cumulative return in cash totals $115,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,992/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Sold | $210,000 |
| 2024-10-30 | Pending sale | $215,000 |
| 2024-10-26 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $2311.40 | 16.42% | $228,900 | 12.04% |
| 2023-11-01 | $1985.38 | 31.82% | $204,300 | 14.84% |
| 2022-11-01 | $1506.16 | 4.20% | $177,900 | 29.85% |
Listed by: Lisa M Foster • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439745
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.
