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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 3704 Mulberry Rd, Fort Wayne, IN, 46802 generates $4,212/mo in rent and, after a $3,059/mo payment, leaves $236/mo in cash flow. Total monthly income is $4,212/mo, and annual cash flow is $2,831/yr on $205,625 invested. Return on cash invested sits at 21.44% in year one, and rental yield is 8.09% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 111.22% and total cumulative return in cash sums $228,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,212/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.59 Acres lot
$N/A/sqft
$130 annually HOA
Neighborhood data shown for ZIP Code: 46802, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,718 (100%) |
| Owner Occupied HU | 1,514 (26.5%) |
| Renter Occupied HU | 3,373 (59.0%) |
| Vacant Housing Units | 831 (14.5%) |
| Median Home Value | $178,409 |
| Average Home Value | $232,751 |
Residential
5,036
Single Family
3,762
Multi-Family
1,274
Businesses
984
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Price change | $625,000 |
| 2024-11-07 | Price change | $650,000 |
| 2024-10-20 | Listed for sale | $675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $7747.12 | 13.82% | $391,600 | 13.61% |
| 2022-11-20 | $6806.44 | 8.91% | $344,700 | 13.43% |
| 2021-11-20 | $6249.50 | 115.19% | $303,900 | 6.41% |
Listed by: Jared Kent • Anthony REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440631
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.
