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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 3615 Summersworth Run, Fort Wayne, IN, 46804 priced at $255,000 converts $1,893/mo rent into $353/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,893/mo, and annual cash flow totals $4,233/yr on $84,533 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 8.91% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 129.5% and total cumulative return in cash sums $109,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,893/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1986
9,914 sqft lot
$N/A/sqft
$85 annually 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 |
|---|---|---|
| 2025-04-30 | Listed for sale | $255,000 |
| 2019-04-16 | Sold | $155,000 |
| 2014-01-29 | Sold | $112,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $2148.08 | 7.13% | $229,500 | 11.25% |
| 2023-05-01 | $2005.04 | 16.81% | $206,300 | 10.26% |
| 2022-05-01 | $1716.56 | 6.51% | $187,100 | 13.60% |
Listed by: Timothy Tower • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515159
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.
