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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 2215 E Paulding Rd, Fort Wayne, IN, 46816 generates $1,579/mo in rent and, after a $954/mo payment, leaves $406/mo in cash flow. Total monthly income is $1,579/mo, and annual cash flow is $4,873/yr on $64,643 invested. Return on cash invested sits at 27.45% in year one, and rental yield is 9.72% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 143.1% and total cumulative return in cash sums $92,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,579/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.37 Acres 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 |
|---|---|---|
| 2025-10-17 | Sold | $195,000 |
| 2025-09-18 | Pending sale | $195,000 |
| 2025-09-16 | Listed for sale | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $1651.08 | -40.16% | $159,600 | 1.72% |
| 2023-10-19 | $2759.28 | 136.94% | $156,900 | 16.39% |
| 2022-10-19 | $1164.56 | 60.24% | $134,800 | 26.34% |
Listed by: Olvin Martinez • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537469
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.
