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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 2628 Broadway, Fort Wayne, IN, 46807 offers $1,750/mo rent that, after a $1,003/mo payment, leaves $442/mo cash flow. Total monthly income is $1,750/mo, and annual cash flow is $5,301/yr on $67,958 cash. Return on cash invested measures 27.71% in year one, and rental yield stands at 10.24% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 144.93% and total cumulative return in cash reaches $98,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,750/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1892
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Date | Event | Price |
|---|---|---|
| 2024-11-26 | Sold | $205,000 |
| 2024-11-26 | Pending sale | $209,900 |
| 2024-09-26 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $2638.10 | 29.68% | $226,900 | -0.83% |
| 2023-11-01 | $2034.38 | 28.66% | $228,800 | 26.69% |
| 2022-11-01 | $1581.24 | 17.45% | $180,600 | 29.83% |
What's Special
Storage,Walk-up
Listed by: Timothy Pitts • Metzger Property Services, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433775
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.
