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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% |
Investment property for sale in Fort Wayne at 4942 S Wayne Ave, Fort Wayne, IN, 46807 listed at $215,000 pairs $1,582/mo rent with a $1,052/mo payment to leave $267/mo cash flow. Total monthly income runs $1,582/mo, and annual cash flow reaches $3,201/yr on $71,273 cash to close. Return on cash invested measures 24.4% in year one, and rental yield registers 8.83% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 126.83% and total cumulative return in cash totals $90,397. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,582/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2025-04-10 | Listed for sale | $215,000 |
| 2013-04-15 | Sold | $42,000 |
| 2012-09-22 | Listed for sale | $44,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $1364.30 | 15.09% | $172,500 | 7.61% |
| 2023-04-11 | $1185.44 | 26.80% | $160,300 | 15.57% |
| 2022-04-11 | $934.88 | 5.24% | $138,700 | 15.10% |
Listed by: Karol Perez • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512194
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.
