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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 224 Spring Forest Ct, Fort Wayne, IN, 46804 offers a 10.91% rental yield on a $245,000 purchase with $2,227/mo rent. Total monthly income registers $2,227/mo, and a $1,199/mo payment leaves $740/mo available for distribution. Annual cash flow reaches $8,884/yr on $81,218 to close, and return on cash invested stands at 30.85% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 161.39% and total cumulative return in cash at $131,076. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| 2025-08-09 | Listing removed | $1,895 |
| 2025-07-29 | Listed for rent | $1,895 |
| 2025-07-10 | Sold | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $2106.02 | 10.03% | $218,900 | 7.73% |
| 2023-10-11 | $1913.96 | 12.61% | $203,200 | 13.65% |
| 2022-10-11 | $1699.60 | 8.47% | $178,800 | 9.63% |
Listed by: Timothy R Green • Sterling Realty Advisors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520966
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.
