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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 2027 Thompson Ave, Fort Wayne, IN, 46802 generates $1,345/mo in rent and, after a $734/mo payment, leaves $445/mo in cash flow. Total monthly income is $1,345/mo, and annual cash flow is $5,337/yr on $49,725 invested. Return on cash invested sits at 30.64% in year one, and rental yield is 10.76% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 160.16% and total cumulative return in cash sums $79,638. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,345/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
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: Warren Barnes • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202542601
