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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 2120 Nelson St, Fort Wayne, IN, 46802 at $189,900 posts ROI 24.97% with $266/mo cash flow from $1,405/mo rent. Total monthly income equals $1,405/mo, and annual cash flow records $3,186/yr on $62,952 to close. Return on cash invested measures 24.97% and rental yield reads 8.88% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 129.76% and total cumulative return in cash totals $81,689.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
3,920 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 |
|---|---|---|
| 2025-08-16 | Listed for sale | $189,900 |
| 2025-05-02 | Sold | $65,000 |
| 2025-04-30 | Pending sale | $69,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-19 | $467.60 | 18.41% | $108,100 | 37.88% |
| 2023-08-19 | $394.90 | 97.75% | $78,400 | 34.71% |
| 2022-08-19 | $199.70 | -4.03% | $58,200 | 110.87% |
Listed by: Baylee McMaken • American Dream Team Real Estate Brokers
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532706
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.
