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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 216 W Maple Grove Ave, Fort Wayne, IN, 46807 generates $2,075/mo in rent and, after a $1,125/mo payment, leaves $695/mo in cash flow. Total monthly income is $2,075/mo, and annual cash flow is $8,342/yr on $76,212 invested. Return on cash invested sits at 30.86% in year one, and rental yield is 10.83% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 161.36% and total cumulative return in cash sums $122,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $229,900 |
| 2017-07-14 | Sold | $106,000 |
| 2017-06-12 | Listed for sale | $104,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $1757.08 | 0.31% | $156,500 | -5.50% |
| 2023-06-02 | $1751.62 | 31.13% | $165,600 | 4.81% |
| 2022-06-02 | $1335.76 | 4.55% | $158,000 | 28.14% |
Listed by: Dominick Parsons • Uptown Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520462
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.
