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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 2711 Spring Creek Dr, Fort Wayne, IN, 46808 listed at $439,000 pairs $2,700/mo rent with a $2,149/mo payment to leave $45/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $537/yr on $145,529 cash to close. Return on cash invested measures 20.28% in year one, and rental yield registers 7.38% at a $439,000 basis. Equity gained on principal adds $2,833/yr, and annual property appreciation at 5% supports $121,288 by year five. Five-year ROI tracks 104.64% and total cumulative return in cash totals $152,276. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $2,149/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
0.34 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood data shown for ZIP Code: 46808, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,424 (100%) |
| Owner Occupied HU | 5,045 (53.5%) |
| Renter Occupied HU | 3,606 (38.3%) |
| Vacant Housing Units | 773 ( 8.2%) |
| Median Home Value | $159,552 |
| Average Home Value | $217,483 |
Residential
8,487
Single Family
7,890
Multi-Family
597
Businesses
753
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $3780.74 | 21.97% | $344,500 | 4.49% |
| 2023-05-23 | $3099.82 | 9.28% | $329,700 | 20.37% |
| 2022-05-23 | $2836.48 | 8.52% | $273,900 | 8.65% |
What's Special
Storage
Listed by: Catherine Coughlin • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519045
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.
