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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 2908 Dexter Dr, Fort Wayne, IN, 46816 offers a 10.54% rental yield on a $179,000 purchase with $1,572/mo rent. Total monthly income registers $1,572/mo, and a $876/mo payment leaves $498/mo available for distribution. Annual cash flow reaches $5,971/yr on $59,339 to close, and return on cash invested stands at 29.97% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 156.59% and total cumulative return in cash at $92,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,572/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46816, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,306 (100%) |
| Owner Occupied HU | 3,989 (48.0%) |
| Renter Occupied HU | 3,575 (43.0%) |
| Vacant Housing Units | 742 ( 8.9%) |
| Median Home Value | $165,445 |
| Average Home Value | $214,685 |
Residential
7,825
Single Family
6,037
Multi-Family
1,788
Businesses
192
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls ID: #202528200
