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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 405 W Rudisill Blvd, Fort Wayne, IN, 46807 priced at $175,000 converts $2,258/mo rent into $1,207/mo cash flow after a $857/mo obligation. Total monthly income equals $2,258/mo, and annual cash flow totals $14,484/yr on $58,013 invested. Return on cash invested prints 44.88% in year one, and rental yield reads 15.48% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 236.57% and total cumulative return in cash sums $137,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,258/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1938
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46807, Fort Wayne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,888 (100%) |
| Owner Occupied HU | 3,948 (57.3%) |
| Renter Occupied HU | 2,419 (35.1%) |
| Vacant Housing Units | 521 ( 7.6%) |
| Median Home Value | $189,648 |
| Average Home Value | $217,450 |
Residential
6,741
Single Family
6,404
Multi-Family
337
Businesses
242
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Sold | $175,000 |
| 2025-05-07 | Listed for sale | $184,999 |
| 2025-04-04 | Listing removed | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $733.60 | -12.74% | $110,500 | -3.24% |
| 2023-10-16 | $840.70 | -38.51% | $114,200 | -0.87% |
| 2022-10-16 | $1367.20 | 1058.45% | $115,200 | -18.64% |
Listed by: Brittney McCowan • Fathom Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516272
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.
