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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 2122 Morris St, Fort Wayne, IN, 46802 uses $39,747 cash to close to unlock $2,689/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $944/mo, and a $587/mo payment keeps the spread at $224/mo. Purchase price stands at $119,900, and rental yield measures 9.45% with $944/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 139% and total cumulative return in cash records $55,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $944/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1936
10,454 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: Robert Watson • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202539230
