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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 3537 Algonquin Pass, Fort Wayne, IN, 46809 offers $1,507/mo rent that, after a $978/mo payment, leaves $306/mo cash flow. Total monthly income is $1,507/mo, and annual cash flow is $3,669/yr on $66,267 cash. Return on cash invested measures 25.45% in year one, and rental yield stands at 9.05% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 132.3% and total cumulative return in cash reaches $87,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,507/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.29 Acres lot
$N/A/sqft
$20 annually 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $199,900 |
| 2025-05-02 | Sold | $124,000 |
| 2025-04-25 | Pending sale | $152,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $226.12 | 2.00% | $152,500 | 8.16% |
| 2023-06-30 | $221.68 | 2.01% | $141,000 | 10.50% |
| 2022-06-30 | $217.32 | 1.99% | $127,600 | 11.73% |
Listed by: April L West • Scheerer McCulloch Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524831
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.
