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% |
Rental property for sale in Fort Wayne at 1816 Ardis St, Fort Wayne, IN, 46819 offers $2,647/mo rent that, after a $1,492/mo payment, leaves $817/mo cash flow. Total monthly income is $2,647/mo, and annual cash flow is $9,805/yr on $101,074 cash. Return on cash invested measures 29.61% in year one, and rental yield stands at 10.42% at a $304,900 entry. Equity gained on principal adds $1,967/yr while 5% annual appreciation compounds into $84,238 by year five. Five-year ROI records 154.66% and total cumulative return in cash reaches $156,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,647/mo property income versus a $1,492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46819, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,368 (100%) |
| Owner Occupied HU | 2,812 (64.4%) |
| Renter Occupied HU | 1,305 (29.9%) |
| Vacant Housing Units | 251 ( 5.7%) |
| Median Home Value | $196,728 |
| Average Home Value | $253,935 |
Residential
3,916
Single Family
3,520
Multi-Family
396
Businesses
58
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $304,900 |
| 2002-11-07 | Sold | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $2520.86 | 10.38% | $260,200 | 21.31% |
| 2023-04-24 | $2283.74 | 5.68% | $214,500 | 6.61% |
| 2022-04-24 | $2160.98 | 17.95% | $201,200 | 5.34% |
Listed by: Ryan Egts • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514135
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.
