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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 313 N Cornell Cir, Fort Wayne, IN, 46807 priced at $220,000 converts $1,733/mo rent into $412/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,733/mo, and annual cash flow totals $4,946/yr on $72,930 invested. Return on cash invested prints 26.69% in year one, and rental yield reads 9.45% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 139.02% and total cumulative return in cash sums $101,387. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,733/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1927
5,662 sqft 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 |
|---|---|---|
| 2022-12-02 | Sold | $190,000 |
| 2022-11-07 | Pending sale | $179,900 |
| 2022-10-31 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-23 | $1401.56 | 66.97% | $189,200 | 3.05% |
| 2023-07-23 | $839.40 | -41.34% | $183,600 | 33.53% |
| 2022-07-23 | $1431.02 | 48.70% | $137,500 | 5.36% |
What's Special
Pull Down Stairs,Storage
Listed by: Erica Smelser • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528412
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.
