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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 222 E Concord Ln, Fort Wayne, IN, 46816 offers a 11.19% rental yield on a $155,000 purchase with $1,445/mo rent. Total monthly income registers $1,445/mo, and a $759/mo payment leaves $514/mo available for distribution. Annual cash flow reaches $6,171/yr on $51,383 to close, and return on cash invested stands at 31.92% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 167.08% and total cumulative return in cash at $85,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,445/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,622 sqft 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 |
|---|---|---|
| 2025-06-15 | Listed for sale | $155,000 |
| 2020-07-20 | Sold | $79,900 |
| 2020-06-23 | Pending sale | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $790.24 | 33.93% | $110,500 | 9.41% |
| 2023-06-17 | $590.04 | 31.40% | $101,000 | 19.67% |
| 2022-06-17 | $449.04 | 19.22% | $84,400 | 14.67% |
What's Special
Pull Down Stairs
Listed by: Mary Anne Taylor • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522818
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.
