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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 1801 Spy Run Ave, Fort Wayne, IN, 46805 offers a 9.2% rental yield on a $164,999 purchase with $1,265/mo rent. Total monthly income registers $1,265/mo, and a $808/mo payment leaves $274/mo available for distribution. Annual cash flow reaches $3,290/yr on $54,697 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 134.94% and total cumulative return in cash at $73,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,265/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,098 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: Alyssa Schendel • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202545855
