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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 3402 Brooklyn Ave, Fort Wayne, IN, 46809 priced at $118,000 pairs $908/mo rent with $176/mo cash flow after a $578/mo payment. Total monthly income equals $908/mo, and annual cash flow comes to $2,107/yr on $39,117 invested. Return on cash invested is 25.3% in year one, and rental yield stands at 9.23% on a $118,000 basis. Equity gained on principal adds $761/yr, and 5% annual appreciation accumulates to $32,601 by year five. Five-year ROI measures 131.83% and total cumulative return in cash reaches $51,567. For financing, Ziffy Mortgage’s DSCR program evaluates $908/mo property income against a $578/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,247 (100%) |
| Owner Occupied HU | 2,422 (57.0%) |
| Renter Occupied HU | 1,602 (37.7%) |
| Vacant Housing Units | 223 ( 5.3%) |
| Median Home Value | $156,005 |
| Average Home Value | $213,601 |
Residential
4,168
Single Family
3,942
Multi-Family
226
Businesses
448
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Price change | $118,000 |
| 2024-10-01 | Listed for sale | $119,950 |
| 2024-09-12 | Listing removed | $121,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1263.10 | 16.28% | $52,400 | -6.76% |
| 2022-10-17 | $1086.24 | 45.57% | $56,200 | 15.88% |
| 2021-10-17 | $746.18 | 22.82% | $48,500 | 42.23% |
Listed by: Ed Tobey • The Tobey Group, PC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438029
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.
