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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 2321 Lighthouse Ln, Fort Wayne, IN, 46814 listed at $400,000 pairs $3,618/mo rent with a $1,958/mo payment to leave $970/mo cash flow. Total monthly income runs $3,618/mo, and annual cash flow reaches $11,644/yr on $132,600 cash to close. Return on cash invested measures 28.69% in year one, and rental yield registers 10.85% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 150.52% and total cumulative return in cash totals $199,588. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,618/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
9,583 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 46814, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,381 (100%) |
| Owner Occupied HU | 5,599 (87.7%) |
| Renter Occupied HU | 570 ( 8.9%) |
| Vacant Housing Units | 212 ( 3.3%) |
| Median Home Value | $387,258 |
| Average Home Value | $434,010 |
Residential
6,175
Single Family
6,175
Multi-Family
0
Businesses
127
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $400,000 |
| 2022-07-21 | Sold | $349,000 |
| 2022-07-05 | Contingent | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-20 | $5876.66 | 126.54% | $390,200 | 4.36% |
| 2023-04-20 | $2594.12 | 7.64% | $373,900 | 5.29% |
| 2022-04-20 | $2410.00 | 9.32% | $355,100 | 10.69% |
What's Special
Pull Down Stairs,Storage
Listed by: Katie A Brown • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513512
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.
