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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 2203 Crescent Ave, Fort Wayne, IN, 46805 priced at $189,900 pairs $1,573/mo rent with $385/mo cash flow after a $929/mo payment. Total monthly income equals $1,573/mo, and annual cash flow comes to $4,619/yr on $62,952 invested. Return on cash invested is 27.25% in year one, and rental yield stands at 9.94% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 142.27% and total cumulative return in cash reaches $89,561. For financing, Ziffy Mortgage’s DSCR program evaluates $1,573/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46805, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,466 (100%) |
| Owner Occupied HU | 5,323 (50.9%) |
| Renter Occupied HU | 4,366 (41.7%) |
| Vacant Housing Units | 777 ( 7.4%) |
| Median Home Value | $167,941 |
| Average Home Value | $208,915 |
Residential
9,583
Single Family
8,813
Multi-Family
770
Businesses
895
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $189,900 |
| 2021-12-08 | Sold | $165,000 |
| 2021-11-08 | Pending sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $2159.02 | 51.01% | $204,000 | 5.81% |
| 2023-04-27 | $1429.72 | 85.61% | $192,800 | 43.99% |
| 2022-04-27 | $770.28 | -26.85% | $133,900 | 2.53% |
Listed by: Wade Griffin • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514473
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.
