








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 1911 Prestwick Ln, Fort Wayne, IN, 46814 generates $2,930/mo in rent, after a $2,521/mo payment. Total monthly income is $2,930/mo. Return on cash invested sits at 17.37% in year one, and rental yield is 6.83% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 89.5% and total cumulative return in cash sums $151,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,930/mo property income rather than buyer’s personal income.
Condo
Built in 1989
0.59 Acres lot
$N/A/sqft
$1,255 annually HOA
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Sold | $515,000 |
| 2025-03-03 | Pending sale | $529,900 |
| 2025-02-18 | Listed for sale | $529,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $5645.96 | 20.25% | $485,700 | -7.27% |
| 2023-11-01 | $4695.14 | 13.05% | $523,800 | 21.31% |
| 2022-11-01 | $4153.08 | 5.20% | $431,800 | 9.54% |



What's Special
Storage
Listed by: Joelle Ruefer • Encore Sotheby's International Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202505024
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.