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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 4327 Locust Spring Pl, Fort Wayne, IN, 46804 generates $1,995/mo in rent and, after a $1,517/mo payment, leaves $86/mo in cash flow. Total monthly income is $1,995/mo, and annual cash flow is $1,028/yr on $102,732 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 7.73% on a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash sums $111,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,995/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
8,276 sqft lot
$N/A/sqft
$190 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 |
|---|---|---|
| 2025-05-28 | Listed for sale | $309,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $2969.60 | 6.28% | $293,600 | 5.88% |
| 2023-05-28 | $2794.26 | 25.04% | $277,300 | 7.23% |
| 2022-05-28 | $2234.74 | 9.99% | $258,600 | 21.24% |
What's Special
Pull Down Stairs,Storage
Listed by: Bradley Stinson • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519496
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.
