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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 316 Deer Cliff Run, Fort Wayne, IN, 46804 offers a 9.87% rental yield on a $288,150 purchase with $2,370/mo rent. Total monthly income registers $2,370/mo, and a $1,410/mo payment leaves $641/mo available for distribution. Annual cash flow reaches $7,688/yr on $95,522 to close, and return on cash invested stands at 27.96% in year one. Equity gained on principal adds $1,859/yr while 5% annual appreciation supports $79,611 over five years. Portfolio math shows five-year ROI at 145.78% and total cumulative return in cash at $139,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,370/mo property income against a $1,410/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46804, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,704 (100%) |
| Owner Occupied HU | 8,866 (64.7%) |
| Renter Occupied HU | 4,275 (31.2%) |
| Vacant Housing Units | 563 ( 4.1%) |
| Median Home Value | $272,764 |
| Average Home Value | $304,067 |
Residential
13,065
Single Family
11,568
Multi-Family
1,497
Businesses
1,188
Date | Event | Price |
|---|---|---|
| 2024-11-20 | Sold | $288,150 |
| 2006-07-03 | Sold | $160,000 |
| 2002-08-13 | Sold | $146,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1680.28 | 11.16% | $263,000 | 8.86% |
| 2023-11-01 | $1511.54 | 10.80% | $241,600 | 8.34% |
| 2022-11-01 | $1364.16 | 5.22% | $223,000 | 12.34% |
Listed by: Brandon Steffen • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438831
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.
