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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 2825 Edwards St, Fort Wayne, IN, 46802 offers a 9.62% rental yield on a $146,900 purchase with $1,178/mo rent. Total monthly income registers $1,178/mo, and a $719/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,554/yr on $48,697 to close, and return on cash invested stands at 27.21% in year one. Equity gained on principal adds $948/yr while 5% annual appreciation supports $40,586 over five years. Portfolio math shows five-year ROI at 141.82% and total cumulative return in cash at $69,065. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,178/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
Date | Event | Price |
|---|---|---|
| 2025-05-21 | Listed for sale | $146,900 |
| 2024-05-17 | Sold | $128,500 |
| 2024-05-05 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-22 | $843.28 | 12.53% | $185,300 | 416.16% |
| 2023-05-22 | $749.40 | 62.83% | $35,900 | 12.19% |
| 2022-05-22 | $460.24 | -5.90% | $32,000 | 64.10% |
Listed by: Jordan Wildman • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518785
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.
