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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 205 Corwin Ln, Fort Wayne, IN, 46816 at $174,900 posts ROI 37.57% with $853/mo cash flow from $1,973/mo rent. Total monthly income equals $1,973/mo, and annual cash flow records $10,242/yr on $57,979 to close. Return on cash invested measures 37.57% and rental yield reads 13.54% at the current $174,900. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 by year five. Five-year ROI prints 197.9% and total cumulative return in cash totals $114,744.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,973/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Sold | $174,900 |
| 2025-06-20 | Pending sale | $174,900 |
| 2025-06-18 | Listed for sale | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $2288.48 | 22.09% | $108,600 | 8.49% |
| 2023-11-01 | $1874.42 | 7.71% | $100,100 | 20.02% |
| 2022-11-01 | $1740.26 | 29.11% | $83,400 | 7.34% |
Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523270
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.
