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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 1711 Gruber Ave, Fort Wayne, IN, 46809 uses $37,460 cash to close to unlock $4,533/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $1,056/mo, and a $553/mo payment keeps the spread at $378/mo. Purchase price stands at $113,000, and rental yield measures 11.21% with $1,056/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $31,220 over five years. Five-year ROI reaches 167.52% and total cumulative return in cash records $62,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,056/mo property income covering a $553/mo payment rather than investor’s personal income.
Single Family
Built in 1906
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Date | Event | Price |
|---|---|---|
| 2025-04-27 | Listed for sale | $113,000 |
| 2025-04-16 | Listing removed | $103,900 |
| 2025-04-05 | Price change | $103,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $36.38 | -87.17% | $61,700 | 6.20% |
| 2023-04-29 | $283.62 | 62.66% | $58,100 | 39.00% |
| 2022-04-29 | $174.36 | -2.29% | $41,800 | 73.44% |
Listed by: Farideh Y Negahban • Adamonis Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514795
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.
