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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% |
Rental property for sale in Fort Wayne at 2008 Timberlake Trl, Fort Wayne, IN, 46804 offers $2,992/mo rent that, after a $1,908/mo payment, leaves $588/mo cash flow. Total monthly income is $2,992/mo, and annual cash flow is $7,057/yr on $129,252 cash. Return on cash invested measures 25.37% in year one, and rental yield stands at 9.21% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 132.11% and total cumulative return in cash reaches $170,761. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,992/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.43 Acres lot
$N/A/sqft
$212 annually 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 |
|---|---|---|
| 2025-06-16 | Sold | $389,900 |
| 2025-05-10 | Pending sale | $389,900 |
| 2025-05-01 | Listed for sale | $389,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $3791.52 | 7.82% | $370,900 | 5.07% |
| 2023-10-12 | $3516.42 | 16.34% | $353,000 | 8.82% |
| 2022-10-12 | $3022.66 | 10.54% | $324,400 | 12.80% |
Listed by: Justin P Heflin • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515556
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.
